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 »

How much tax can you save via tax saving investments, expenditures?
5 tax saving mistakes millennials need to watch out for Income Tax Saving
Tax-saving 101 for young earners
4 important tax benefits of buying a house jointly
5 best ways to invest and save tax at the last minute Last minute tax saving tips
Pay your pending advance tax by 15 March
2018 Tax Extensions: 12 Tips To Save You Money
5 investment options other than Section 80C to save more Income Tax return filing
Is it mandatory to link Aadhaar with income tax returns?
Companies (Incorportation) 2nd Amendment Rule 2019
Know how your family can help you save tax Filing income tax returns?


« 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.