The U.S. Securities and Exchange Commission is considering a civil suit against India's Mahindra Satyam in the aftermath of the company's near-collapse. News of the possible suit comes as Satyam's new owners struggle to clean up what was once India's fourth-largest technology outsourcing company after its founder confessed to a massive fraud. The possible suit was revealed in the company's results for financial years 2009 and 2010, which were released Wednesday and were its first statement of accounts since the fraud.
October 01, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
The U.S. Securities and Exchange Commission is considering a civil suit against India’s Mahindra Satyam seeking damages for fraud in the aftermath of the company’s near collapse.
News of the possible suit comes as Satyam’s new owners struggle to clean up what was once India’s fourth-largest technology outsourcing company after its founder confessed to a fraud of at least $1.7 billion.
Presented by BigVoodoo
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
The premier educational and networking event for employee benefits brokers and agents.
The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware.
A large and well-established Tampa company is seeking a contracts administrator to support the company's in-house attorney and manage a wide...
We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Candidates should ...
We are seeking an attorney to join our corporate and transactional practice. Candidates should have a minimum of 8 years of general corporat...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
