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News Topical, Digital Desk : IT giant Infosys suddenly made headlines on Friday. The reason was a sharp rise in Infosys ADRs. The ADRs suddenly surged by more than 40 percent, forcing a halt to trading. The company has now issued further clarification regarding this matter. In a separate statement, it also announced a reprieve from the ongoing court case in the US.
What the company said:
In a filing to the stock exchange, the company stated that on December 19, 2025, Infosys' American Depository Receipts (ADRs) on the New York Stock Exchange (NYSE) experienced unusual volatility, triggering two volatility trading pauses (LULD - Limit Up-Limit Down). Clarifying this, Infosys stated that there are currently no significant developments related to the company that are required to be made public under SEBI's listing regulations. This means that any news that could impact prices is already publicly known. According to the company, this clarification has been issued to maintain transparency and avoid any speculation. Infosys assured that it will continue to fully comply with regulatory requirements.
Relief in US Court Cases: The company also provided significant information regarding ongoing class action lawsuits in the US. A settlement has been reached in the lawsuits filed against Infosys McCamish Systems LLC, a subsidiary of the company, and some of its clients. Under this post-mediation agreement, McCamish has agreed to pay $17.5 million into a settlement fund. The court granted final approval to the agreement on December 18, 2025. If there is no appeal within 30 days, the agreement will become effective and all charges will be considered dismissed.
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