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 »
 Income-tax (13th Amendment) Rules, 2019
 How you can e-verify your Income Tax Return and get a refund
 GSTR-9, GSTR-9C forms simplified deadline extended
 Income-tax (12th Amendment) Rules, 2019
 Individuals with more than one house cannot use ITR-1 form to file taxes
 Income tax department admits error in charging late ITR filing fee
 How to pre-validate your bank account to get income tax refund Income Tax Return 2019
 Notification NO. 86/2019 Income-Tax
 Didn't receive income tax refund? Here's how you can raise a re-issue request step by step
 Notification No. 80/2019- The Central Board of Indirect Taxes and Customs
 CBDT Extends Income Tax Return Filing Deadline in J&K, Ladakh Union Territories to November 30

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