News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
« 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 you’ve made a mistake
 16 LPA-Opening Qualified Chartered Accountant Required For KIMS Hospitals

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.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2019 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions