On Saturday, December 20, Infosys Ltd. provided a clarification following the pause in American Depositary Receipt (ADR) trading on the New York Stock Exchange (NYSE) on December 19. Infosys Ltd. issued a clarification on Saturday, December 20, after American Depositary Receipt (ADR) trading paused on the New York Stock Exchange (NYSE) on December 19.
being set off by the stock exchange.
“The communication is being issued to ensure transparency and prevent any baseless speculation,” it said. Infosys issued another exchange filing on Saturday, in which it updated certain class action lawsuits referenced in its financial statements.
On December 18, it was reported that the court had granted final approval for the settlement of lawsuits against Infosys McCamish Systems LLC and several of McCamish’s customers.
In November 2023, the company announced that it had reached a preliminary agreement with the plaintiffs involved in lawsuits against Infosys McCamish Systems LLC and several of its customers. On March 13, 2025, McCamish and the plaintiffs established an agreement in principle that outlined the terms for a proposed settlement of class action lawsuits against McCamish, as well as those filed against McCamish’s customers.
McCamish consented to pay $17.5 million into a fund to resolve these issues, based on the proposed settlement terms. The court issued its final approval on the matter on December 18, 2025.
Infosys stated on Saturday that if the settlement is not appealed within 30 days, it will take effect and resolve all allegations made in the class action lawsuits without any admission of liability.
In the last trading session, Infosys shares closed at ₹1,638 each, marking an increase of 0.7%. This year to date, the stock has fallen by 13%.
