The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against iGATE Corporation

Tuesday, June 18, 2013

Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against iGATE Corporation

20:15 EDT Tuesday, June 18, 2013

LOS ANGELES (Business Wire) -- Glancy Binkow & Goldberg LLP, representing investors of iGATE Corporation (“iGATE” or the “Company”) (NASDAQ:IGTE), announces that a class action lawsuit has been filed in the United States District Court for the Northern District of California on behalf of a class (the “Class”) comprising all purchasers of iGATE securities between March 14, 2012 and May 21, 2013, inclusive (the “Class Period”).

A COPY OF THE COMPLAINT IS AVAILABLE FROM THE COURT OR FROM GLANCY BINKOW & GOLDBERG LLP. PLEASE CONTACT US TOLL-FREE AT (888) 773-9224, OR AT (212) 682-5340, OR BY EMAIL TO SHAREHOLDERS@GLANCYLAW.COM TO DISCUSS THIS MATTER OR IF YOU PURCHASED iGATE SECURITIES PRIOR TO THE CLASS PERIOD. IF YOU INQUIRE BY EMAIL PLEASE INCLUDE YOUR MAILING ADDRESS, TELEPHONE NUMBER AND NUMBER OF SHARES PURCHASED.

iGATE provides information technology and IT-enabled operations solutions and services including application development and management, infrastructure management, cloud computing services and embedded systems development. The Complaint alleges that the defendants issued false and misleading statements or failed to disclose material adverse facts concerning the Company's business, operational and compliance policies. Specifically, the Complaint alleges that iGATE and the Company's chief executive officer and president during the foregoing period, Phaneesh Murthy (“Murthy”), misrepresented or failed to disclose that Murthy was involved in a relationship with a subordinate employee in violation of iGATE's explicit policies and Murthy's employment contract, which created a risk that he would be terminated from the Company and thereby jeopardize the Company's future success.

If you are a member of the Class described above you may move the Court no later than August 13, 2013 to serve as lead plaintiff; however, you must meet certain legal requirements. If you wish to learn more about this action or if you purchased iGATE securities prior to the Class Period or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, Toll Free at (888) 773-9224, or contact Gregory Linkh, Esquire, of Glancy Binkow & Goldberg LLP at 122 E. 42nd Street, Suite 2920, New York, New York 10168, at (212) 682-5340, by e-mail to shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Glancy Binkow & Goldberg LLP, Los Angeles, CA
Michael Goldberg
888-773-9224
or
Glancy Binkow & Goldberg LLP, New York, NY
Gregory Linkh
212-682-5340 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com

Products
  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

GlobeLink.ca

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
NEWS APP
INVESTING APP
Other Sections