Infosys Settles McCamish Cyber Incident Lawsuits for $17.5 Million, Announces Upcoming Board Meeting
Infosys has agreed to pay $17.5 million to settle all pending class action lawsuits related to a cyber incident involving its subsidiary, McCamish Systems. The settlement covers six lawsuits filed in the United States and is subject to court approval. Infosys also announced a board meeting on April 16-17, 2025, to approve Q4 and FY 2025 financial results, consider final dividend, and close its trading window from March 16 to April 21, 2025.

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Infosys , one of India's leading IT services companies, has reached a significant milestone in resolving legal challenges stemming from a cyber incident involving its subsidiary, McCamish Systems. The company has agreed to pay $17.5 million to settle all pending class action lawsuits related to the incident, as per an update provided to stock exchanges.
Settlement Details
Infosys McCamish Systems LLC (McCamish) has reached an agreement in principle with the plaintiffs of six class action lawsuits filed in the United States. The proposed settlement, which came after a mediation session on March 13, 2025, aims to resolve all allegations made in this matter without admission of any liability.
Key points of the settlement include:
- McCamish has agreed to pay $17.5 million into a settlement fund.
- The settlement covers lawsuits against McCamish and some of its customers.
- The proposed terms are subject to confirmation, due diligence by the plaintiffs, and court approval.
Upcoming Board Meeting and Financial Results
In addition to the settlement news, Infosys has announced a crucial board meeting scheduled for April 16 and 17, 2025. The meeting agenda includes several important items:
- Approval of audited consolidated and standalone financial results for Q4 and FY 2025.
- Review of audited financial statements as per Indian Accounting Standards (INDAS) and International Financial Reporting Standards (IFRS).
- Consideration of a final dividend for FY 2025.
Trading Window Closure
In compliance with Securities and Exchange Board of India (SEBI) regulations, Infosys will close its trading window from March 16, 2025, reopening on April 21, 2025. This closure is standard practice ahead of earnings releases to prevent insider trading.
Investor Call
The company has also announced plans to hold investor and analyst calls on April 17, 2025, to discuss the financial results and business outlook. Details of these calls will be published on the company's website in due course.
Conclusion
This settlement marks a significant step for Infosys in addressing the fallout from the McCamish cyber incident. The upcoming board meeting and financial results announcement will provide investors with crucial insights into the company's performance and future direction.
Historical Stock Returns for Infosys
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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+0.45% | +0.71% | -10.73% | -27.87% | +0.02% | +125.77% |