* 2002: Faces sexual harassment lawsuit filed by his former secretary Reka Maximovitch. Reka Maximovitch is a 30 year old lady lawyer who filed charges of “wrongful termination” and” sexual harassment” against infosys technologies and its ex-director Phaneesh Murthy in the U.S., she said to settled the proceedings out of court,according to CNBC. Infosys hired the Palo Alto based lawyer firm Wilson Sonsini Goodrich to defend the suit. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings. Mr Murthy had in 2002 quit Infosys, India's second biggest software services exporter, under controversial circumstances after Infosys employee Reka Maximovitch, executive secretary to … Entries (RSS) and Comments (RSS). Phaneesh Murthy, a top level executive and a director on the company board, was accused of sexually harassing and unlawfully firing his subordinate, Reka Maximovitch. He will have a great future indeed. The company has not singled out Phaneesh Murthy for this indemnity or withholding of shares. As a result, the EWT has retained this indemnity till the matter is resolved fully and finally. This case was settled on April 25, 2003 as the depositions were to start on the same day. A lesser man would have crumbled at the ignominy and embarrassment. Phaneesh Murthy (Kannada: ಫಣೀಶ್ ಮೂರ್ತಿ) is an Indian technology businessman. Reka Maximovitch An American citizen of Bulgarian descent, she sued Phaneesh Murthy for sexual harassment in 2002 and precipitated his departure from Infosys. Sarita Rani in Bangalore  (With inputs from Cyber News Service), Software development is both a science and an art. Change ), You are commenting using your Twitter account. Unanswered questions In the end, the settlement notwithstanding, it’s a story that ends with a lot of questions unanswered from all sides. Your email address will not be published. The payment is due to be made. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. Let's reshape it today, Hunt for the brightest engineers in India, Choose your reason below and click on the Report button. Charge-counter charge Announcing the settlement, Infosys chairman NR Narayana Murthy said under the terms of the agreement, Infosys “reserved the right” to take action against Phaneesh for non-participation in the settlement (not paying up any part of $3 million) and for his conduct. This filing is available at www.sec.gov. On behalf of Araceli Roiz, the law firm Aiman-Smith & Marcy is contemplating next s... 23 May, 2013, 04.54 PM IST. Your Reason has been Reported to the admin. ( Log Out /  The company sees this as a serious breach of trust. But the issue just doesn’t seem to settle down elegantly. This will alert our moderators to take action. Mr Murthy had in 2002 quit Infosys, India's second biggest software services exporter, under controversial circumstances after Infosys employee Reka Maximovitch, executive secretary to … In response to Infosys' announcement that it has settled the litigation with its former employee, Reka Maximovitch, Mr. Phaneesh Murthy, its former director and officer, has asserted that since the settlement was not his preferred route, he did not contribute to the settlement amount. Murthy later President in 2006 and was re-elected in 2010. A year-and-a-half ago, Reka Maximovitch filed a sexual harassment case against Infosys Technologies and its high-profile director (sales and marketing) Phaneesh Murthy. Phaneesh Murthy may face court in iGate sexual harassment. Until when should work-from-home be allowed? All the three parties to the case are living their own lives. Late last month, Murthy had resigned citing that he needed to defend a "wrongful termination and sexual harassment" lawsuit filed by a former employee. Some of these questions will never be answered. As the company had already disclosed the risk in its filings there is no connection between the settlement and the proposed ADR offering. According to Narayana Murthy, Phaneesh did not inform the company about his consensual relationship with Maximovitch, who was his executive assistant from October 1999 to December 2000… nor did he tell the company about two restraining orders she had obtained from the court after she left the company (See box, Timeline). Reka Maximovitch Settled Sexual Harassment Case Against Infocys For 3$ Million. Remarkably, Murthy rebuilt his career, going on to become CEO of Nasdaq-listed iGate and undertaking the brave acquisition of … Required fields are marked *, −  5  =  four .hide-if-no-js { And yet quite obviously, those initiatives and HR practices failed miserably… making it also the first IT company to have ever faced such a suit. You can leave a response, or trackback from your own site. But the case itself made history of sorts in corporate India. Subsequently, he became the Chief Executive Officer of iGATE Corporation in 2003, after the company acquired his start-up Quintant. Initially, Phaneesh refused to participate in the settlement on these terms. A settlement has been reached. Under the company's 1994 ESOP scheme, every employee is required to meet all the liabilities including taxes, on the grant of the options. true this all is set to take him out....cnt trust womens these days they do anything for money... 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