Sarraf Gentile LLP Charges Satyam Computer Services Ltd.
With Securities FraudThe law firm of Sarraf Gentile LLP has filed a securities fraud class action lawsuit against Satyam Computer Services Ltd. ("Satyam" or the "Company") (NYSE: SAY) on behalf of those investors who acquired the Company's American Depository Shares during the period January 6, 2004 and January 6, 2009, inclusive (the "Class Period"). The lawsuit is pending in Manhattan federal court.
Australian cos in disarray over IT export to India
Nearly two-billion accounting fraud admitted to by the former Satyam Chairman is likely to cast its shadow over the Australian companies' plans to outsource IT jobs to India, according to a media report.
"Corporate Australia's push to export IT jobs to India is in disarray following a $1.84 billion fraud involving one of the key outsourcing companies," Australian daily Herald Sun said.
Telstra, Quantas, Coles National Australia Bank (NAB) and Suncorp are amongst the several Australian companies which has been affected by the Satyam scandal.
According to the report, Satyam Australia employs about 1,700 local staff. Apart from Australian clients Satyam's clientele include Citi Group and Nissan Motor Corp.
FIFA 'closely monitoring' World Cup sponsor Satyam
World football body FIFA, one of the most coveted clients of the beleaguered Satyam Computer, on Thursday said it was closely monitoring the developments.
"FIFA is closely monitoring the situation related to Satyam," a FIFA spokesperson said from Zurich. Satyam is the information technology partner for the 2010 and 2014 FIFA World Cups.
With Securities FraudThe law firm of Sarraf Gentile LLP has filed a securities fraud class action lawsuit against Satyam Computer Services Ltd. ("Satyam" or the "Company") (NYSE: SAY) on behalf of those investors who acquired the Company's American Depository Shares during the period January 6, 2004 and January 6, 2009, inclusive (the "Class Period"). The lawsuit is pending in Manhattan federal court.
Australian cos in disarray over IT export to India
Nearly two-billion accounting fraud admitted to by the former Satyam Chairman is likely to cast its shadow over the Australian companies' plans to outsource IT jobs to India, according to a media report.
"Corporate Australia's push to export IT jobs to India is in disarray following a $1.84 billion fraud involving one of the key outsourcing companies," Australian daily Herald Sun said.
Telstra, Quantas, Coles National Australia Bank (NAB) and Suncorp are amongst the several Australian companies which has been affected by the Satyam scandal.
According to the report, Satyam Australia employs about 1,700 local staff. Apart from Australian clients Satyam's clientele include Citi Group and Nissan Motor Corp.
FIFA 'closely monitoring' World Cup sponsor Satyam
World football body FIFA, one of the most coveted clients of the beleaguered Satyam Computer, on Thursday said it was closely monitoring the developments.
"FIFA is closely monitoring the situation related to Satyam," a FIFA spokesperson said from Zurich. Satyam is the information technology partner for the 2010 and 2014 FIFA World Cups.
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