Former Infosys employee files new lawsuit seeking damages

Written By Unknown on Sabtu, 04 Oktober 2014 | 23.25

A former Infosys employee responsible for starting a US investigation into the company's visa practices has filed another lawsuit demanding damages for alleged wrongful termination

A former Infosys  employee responsible for starting a US investigation into the company's visa practices has filed another lawsuit demanding damages for alleged wrongful termination.

US national Jack Palmer, who was employed by Infosys in Alabama, said in the lawsuit filed on Thursday with a New Jersey court that he had been discriminated against because he flagged that the company was flouting US visa rules.

The lawsuit, seen by Reuters, did not specify how much damages Palmer was seeking. Infosys did not immediately respond to requests for comment.

Last year, Infosys paid up USD 34 million to end an investigation related to the widespread practice by Indian firms of flying workers to client sites in the United States on temporary visas. US authorities had been looking into Infosys' use of visas since 2011.

Palmer had previously tried to take Infosys to court, but his earlier case was dismissed in August 2012.

Employment visas are a politically-charged topic in the United States, especially those related to Indian IT services companies that are seen as taking jobs away from Americans.

Infosys stock price

On October 01, 2014, Infosys closed at Rs 3847.20, up Rs 99.55, or 2.66 percent. The 52-week high of the share was Rs 3859.90 and the 52-week low was Rs 2894.00.


The company's trailing 12-month (TTM) EPS was at Rs 185.71 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 20.72. The latest book value of the company is Rs 733.03 per share. At current value, the price-to-book value of the company is 5.25.


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