Two class action suits filed against Satyam in U.S. Two class action suits filed against Satyam in U.S. Chartered Accountant CA ICAI Chartered Accountants CA ICAI CAinINDIA ICAI Announcements Accounting Standards CA News ICAI Students ICAI Members Case Laws CPT IPCC Final ICAI Course CA Course ICAI Forum CA Question Papers ICAI Study Material

« News Headlines »

Pre-filled ITR forms to make filing easier Income Tax Return 2019
10 ways in which new income tax rules will impact you
Income-tax (7th Amendment) Rules, 2019
How to track income tax refund status and get refund on time Income Tax Refund 2019
5 things to know New income tax rule on insurance maturity proceeds
Notification No. 61/2019 E-assessment Scheme, 2019
E-assessment scheme for faceless scrutiny of income tax returns notified
Relaxation of time-Compounding of Offences under Direct Tax Laws-One-time measure
E-assessment scheme for faceless scrutiny of income tax returns notified
Check your ITR and revise it if youâ€™ve made a mistake
16 LPA-Opening Qualified Chartered Accountant Required For KIMS Hospitals


« 120 employees have recently resigned from Satyam...	Satyam CAs, auditors may face severe punishment,... »
Two class action suits filed against Satyam in U.S.

January, 08th 2009
Investors in Satyam Computer Services Ltd's American Depositary Receipts (ADRs) have filed two class action suits against the Indian software services firm, the law firms representing the investors said on Thursday. Vianale & Vianale LLP and Izard Noble LLP have filed suits alleging Satyam and its top executives violated federal securities laws by issuing false and misleading financial statements, the law firms said in separate releases. On Wednesday, Satyam's founder and chairman Ramalinga Raju resigned and said profits had been falsely inflated for years, sending the company's shares down 80 percent in Mumbai. Trading in Satyam's ADRs was suspended before the opening of U.S. trade on Wednesday Izard has filed a lawsuit in the United States District Court for the Southern District of New York, while Vianale's suit is pending in the Manhattan federal court.