IN RE: Satyam Computer Services, Ltd., Securities Litigation

  1. January 03, 2013

    Satyam Directors Skirt Securities Suit Alleging $1B Fraud

    A New York federal judge on Wednesday tossed claims against board members of Indian information technology company Satyam Computer Services Ltd., freeing directors from multidistrict litigation seeking to tie them to a massive accounting fraud investors say overstated the firm's value by more than $1 billion.

  2. July 30, 2012

    Satyam To Pay $12M To Settle Accounting Fraud Claims

    India-based information technology firm Satyam Computer Services Ltd. has agreed to pay $12 million to settle a class action in New York federal court over an alleged $1 billion accounting fraud that sparked criminal charges, the company announced Saturday.

  3. April 29, 2011

    PwC Agrees To Pay $25M To Exit Satyam Securities MDL

    Investors sought a New York federal court's approval Friday of a $25.5 million settlement with PricewaterhouseCoopers International Ltd. and four affiliates in multidistrict litigation claiming PwC aided Satyam Computer Services Ltd. in a fraud scheme that cost them billions.

  4. November 18, 2009

    Ex-Satyam Directors Try To Escape Investor Fraud Suit

    So-called father of the Pentium microprocessor Vinod K. Dham and Harvard University professor Krishna G. Palepu are among the former directors of Satyam Computer Services Ltd. trying to shake a consolidated class action accusing them of being involved in the $1 billion accounting fraud at the company.

  5. May 12, 2009

    Lead Plaintiffs Named In Securities MDL V. Satyam

    A judge has appointed lead plaintiffs and lead counsel in multidistrict securities litigation against Indian outsourcing company Satyam Computer Services Ltd. launched after the company's founder admitted to a massive accounting fraud in January.

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