Securities
Jan. 14, 2009
Lawsuit Filed In Computer Services Case
A Satyam Computer Services shareholder filed a federal securities fraud class action in San Jose on Monday, the second in an anticipated hail of suits against a company whose chairman admitted perpetrating a $1 billion-plus fraud.
Daily Journal Staff Writer A Satyam Computer Services shareholder filed a federal securities fraud class action in San Jose on Monday, the second in an anticipated hail of suits against a company whose chairman admitted perpetrating a $1 billion-plus fraud. Satyam Chairman Ramalinga Raju sent a remarkable letter last Wednesday to his board of directors, confessing that a scheme to close a "marginal gap" in its reported profit had ...
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