QUOTE AND NEWS
The Hindu Business Line  May 23  Comment 
The US-based outsourcing firm iGate is being investigated by a law firm to ascertain whether the company and its employees violated federal securities laws.Bronstein, Gewirtz & Grossman...
The Hindu Business Line  May 23  Comment 
Sacked iGate Corp Chief Executive Phaneesh Murthy will be sued for sexually harassing the firm’s investor relations head and allegedly making her pregnant, the law firm representing the victim sai...
Financial Express  May 23  Comment 
He will be sued for sexually harassing an iGate executive and allegedly making her pregnant.
The Economic Times  May 23  Comment 
iGate had to take a $700 mn debt and most of that still remains on the company's books, even as the company's growth has remained extremely tepid.
The Economic Times  May 23  Comment 
On Tuesday, iGate sacked Phaneesh Murthy over sexual misconduct, delivering a major blow to iGate's ambitions and Apax's hopes.
The Hindu Business Line  May 22  Comment 
The sacking of Phaneesh Murthy of iGATE wakes up India to a largely neglected issue. You don’t see such high-profile sackings here in India not because harassment doesn’t occur. It’s lar...
The Hindu Business Line  May 22  Comment 
Phaneesh Murthy, the sacked CEO of i-Gate Corporation, will lose $15 million in severance benefits. An iGate spokesperson told Business Line that “Murthy was termi...
StreetInsider.com  May 22  Comment 
UPGRADES Citi upgrades Bristol-Myers Squibb Co. (NYSE: BMY) from Neutral to Buy. Sterne Agee lifts Cree (Nasdaq: CREE) from Neutral to Buy, while adjusting its price target from $59 up to $72. Barclays boosts Terex (NYSE: TEX) from Equalweight...
The Times of India  May 21  Comment 
iGate moved swiftly to contain the likely damage from the sacking of its high-profile CEO Phaneesh Murthy.     
The Times of India  May 21  Comment 
In the last two months, Murthy sold approximately 1,50,000 shares from his personal stake in iGate, mopping up roughly $2.7 million.     





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