its settlement comes to making history in corporate america, where the most sexual harassment cases settled around $1.5 to $2 billion. The company has disclosed in all its SEC filings as early as October 2002 that the case with Reka may materially impact the earnings of the company. Instead of fighting to clear his name, he elected to settle.”, And what’s Phaneesh Murthy’s reaction to that–”I agreed to settle because I was not a financial party to the settlement.”. Late last month, Murthy had resigned citing that he needed to defend a "wrongful termination and sexual harassment" lawsuit filed by a former employee. Unanswered questions In the end, the settlement notwithstanding, it’s a story that ends with a lot of questions unanswered from all sides. Through these services, Infosys enables its clients to fully exploit technology for business transformation. the third and fourth cause of action are filed against pharneesh Murthy only. Of course, Phaneesh Murthy was sacked from his job. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. Infosys' spokesperson R. Nithyanandan, Corporate Counsel and Head - Legal, terms every one of these assertions as being blatantly false, and offers the following clarifications: On Phaneesh's asserted reasons for Infosys settling this matter: "As has been stated, Infosys settled this matter because it believed it was in the best interests of the company to do so. Sexual Harassment at Infosys - Infosys, The case examines the controversy surrounding the charges of sexual harassment and unlawful termination made by an employee against Infosys, leading Indian software company, during 2001-03. Two, colleagues get drawn into complicity, feeling obliged not to report on these to authorities even when they have to. Ten years after he paid the price, literally and figuratively, for an avoidable indiscretion, Phaneesh Murthy, is in the news for the same misstep — an inappropriate relationship at the workplace. Infosys settled the … Signing such an indemnity is a condition for participation in the ESOP. Covid-19: To fast-track shots, India eyes rolling reviews, 7 meal replacement shakes for weight loss, Men's Indo western styles that give a modern twist to ethnic attires, Charcoal toothbrushes for effectively cleaning your teeth, Terms of Use and Grievance Redressal Policy. Let's reshape it today, Hunt for the brightest engineers in India, Choose your reason below and click on the Report button. Pradeep Gupta, CMD, CyberMedia Group welcoming Dr Arvind Gupta, National Head Information Technology, BJP.

That means that in return for the money, Maximovitch surrenders her right to sue either the company or Murthy. That means that in … On Phaneesh Murthy’s side–it isn’t clear why he agreed to settle, though innocent… and then went on to threaten suit against the company that might have helped him get out of what could have been a large financial commitment.

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