"Judgment is entered in favour of defendants Infosys Technologies Limited Incorporated and Infosys Limited and against plaintiff Jack 'Jay' Palmer, Jr, with plaintiff Palmer taking nothing by his complaint," US District Judge Myron H Thompson said yesterday.
"Today's decision confirms what we have been saying from the beginning: Mr Palmer's claims of retaliation were completely unfounded," the Infosys said in a statement soontheerafter.
"This is a company built on core values that include leadership by example, integrity and transparency. Those values always have and will continue to shape the way we do business with our clients and, without exception, the way we treat our people.
We are pleased to consider this matter officially closed," Infosys said.
The shares of the company was seen trading at Rs 2,430 higher by 3.34% on BSE at 9.50 am IST.