The Hindu : Business : `Phaneesh settles sexual harassment case'

Online edition of India's National Newspaper
Thursday, Nov 25, 2004

Business

Business

`Phaneesh settles sexual harassment case'

MUMBAI, NOV. 24. Infosys Technologies today said its former Director Phaneesh Murthy has settled a sexual harassment lawsuit filed against him by a former female employee under which $800,000 (Rs. 3.60 crores) has been paid.

``Infosys has learnt that the sexual harassment lawsuit filed by Jennifer Griffith, a former employee, against the company and Mr. Phaneesh Murthy has been settled by Mr Phaneesh Murthy and Ms. Griffith, shortly before the October 29, 2004 date set for the lawsuit's trial,'' Chairman and Chief mentor of Infosys N. R. Narayana Murthy said in a communique to the Stock Exchange (BSE) here.

Infosys did not contribute any money to the settlement and was not a signatory to the settlement agreement, he said, adding the company has learnt from its insurers' counsel that the settlement releases Infosys from all claims and liabilities alleged in the lawsuit.

Infosys has learnt from its insurers' counsel that the insurers contributed $400,000 towards the settlement and this represented 50 per cent of the total settlement payments. The remaining 50 per cent contribution was paid by Mr. Phaneesh Murthy, as Infosys refused to make any contribution to the settlement.

PTI

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