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 Corporation20:15 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 email@example.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
Glancy Binkow & Goldberg LLP, New York, NY
212-682-5340 or 888-773-9224