Country for PR: United Kingdom
Contributor: PR Newswire Europe
Tuesday, August 21 2012 - 05:31
AsiaNet
Judge Throws Out Palmer Case Against Infosys
MONTGOMERY, Alabama, Aug 21, 2012 /PRNewswire-AsiaNet/ --

    - Dismisses Case Entirely

    Infosys, [http://www.infosys.com ] a global leader in consulting and 
technology, today prevailed in its defense of a lawsuit filed by one of its 
employees, Jack "Jay" Palmer. United States District Judge Myron H. Thompson 
found no basis to support any of the charges filed by Palmer and dismissed the 
case entirely, writing, "Judgment is entered in favor of defendants Infosys 
Technologies Limited Incorporated and Infosys Limited and against plaintiff 
Jack "Jay" Palmer, Jr., with plaintiff Palmer taking nothing by his complaint." 
Judge Thompson further ordered costs against Mr. Palmer.

    Infosys released this statement shortly after learning of the judge's 
decision: 

    "Today's decision confirms what we have been saying from the beginning: Mr. 
Palmer's claims of retaliation were completely unfounded. This is a company 
built on core values that include leadership by example, integrity and 
transparency. Those values always have and will continue to shape the way we do 
business with our clients and, without exception, the way we treat our people. 
We are pleased to consider this matter officially closed."

    About Infosys

    Many of the world's most successful organizations rely on the 151,000 
people of Infosys to deliver measurable business value. Infosys provides 
business consulting, technology, engineering and outsourcing services to help 
clients in over 30 countries build tomorrow's enterprise.

    For more information about Infosys (NASDAQ: INFY), visit 
http://www.infosys.com

    Safe Harbor

    Certain statements in this release concerning our future growth prospects 
are forward-looking statements, which involve a number of risks and 
uncertainties that could cause actual results to differ materially from those 
in such forward-looking statements. The risks and uncertainties relating to 
these statements include, but are not limited to, risks and uncertainties 
regarding fluctuations in earnings, fluctuations in foreign exchange rates, our 
ability to manage growth, intense competition in IT services including those 
factors which may affect our cost advantage, wage increases in India, our 
ability to attract and retain highly skilled professionals, time and cost 
overruns on fixed-price,
fixed-time frame contracts, client concentration, restrictions on immigration, 
industry segment concentration, our ability to manage our international 
operations, reduced demand for technology in our key focus areas, disruptions 
in telecommunication networks or system failures, our ability to successfully 
complete and integrate potential acquisitions, liability for damages on our 
service contracts, the success of the companies in which Infosys has made 
strategic investments, withdrawal or expiration of governmental fiscal
incentives, political instability and regional conflicts, legal restrictions on 
raising capital or acquiring companies outside India, and unauthorized use of 
our intellectual property and general economic conditions affecting our 
industry. Additional risks that could affect our future operating results are 
more fully described in our United States Securities and Exchange Commission 
filings including our Annual Report on Form 20-F for the fiscal year ended 
March 31, 2012 and on Form 6-K for the quarters ended June 30, 2011 September 
30, 2011 and December 31, 2011. These filings are available at 
http://www.sec.gov. Infosys may, from time to time, make additional written and 
oral forward-looking statements, including statements contained in the 
company's filings with the Securities and Exchange Commission and our reports 
to shareholders. The company does not undertake to update any forward-looking 
statements that may be made from time to time by or on behalf of the company.
    
    For further information please contact:

    The Americas
    Danielle D'Angelo
    Infosys Ltd, US
    Phone: +1-510-859-5783
    Danielle_Dangelo@infosys.com

    Asia Pacific
    Sarah Vanita Gideon
    Infosys Ltd, India
    Phone: +91-80-4156-4998
    Sarah_Gideon@infosys.com


    Australia
    Cristin Balog
    Infosys Ltd, Australia
    Phone: +61-3-9860-2277
    Cristin_Balog@infosys.com


    EMEA
    Paul de Lara
    Infosys Ltd.
    Phone: +44(0)2075162748
    Paul_delara@infosys.com

    SOURCE: Infosys Ltd
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