The US federal judge hearing whistleblower Jay Palmer’s visa fraud allegation case against IT major Infosys has reportedly ordered a mediation conference to be convened on July 24 to settle the case. A mediation conference is a process by which parties submit their dispute to a neutral third party who helps them reach a settlement.
The court's move comes days ahead the case is scheduled to go on trial from August 20, the itbusinessedge website reported.
"U.S. District Court Judge Myron H. Thompson ordered counsel for both sides, or representatives with full authority to settle the case, to attend the conference. The two sides were directed to provide to the mediator, on or before July 23, confidential mediation statements that were not to be filed with the clerk’s office or to be served on each other," itbusinessedge reported.
Shares in the company underperformed the broader markets and traded 1.2 per cent lower at Rs 2,451 on the BSE at 10.20 a.m. The Sensex was down 0.53 per cent to 17,445. Infosys is expected to issue a statement on the development soon.
The court's move comes days ahead the case is scheduled to go on trial from August 20, the itbusinessedge website reported.
"U.S. District Court Judge Myron H. Thompson ordered counsel for both sides, or representatives with full authority to settle the case, to attend the conference. The two sides were directed to provide to the mediator, on or before July 23, confidential mediation statements that were not to be filed with the clerk’s office or to be served on each other," itbusinessedge reported.
Shares in the company underperformed the broader markets and traded 1.2 per cent lower at Rs 2,451 on the BSE at 10.20 a.m. The Sensex was down 0.53 per cent to 17,445. Infosys is expected to issue a statement on the development soon.
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