IT bellwether Infosys Technologies Ltd on May 11 said it had entered into a $ 3 million out-of- court settlement with its former employee Reka Maximovitch in connection with a sexual harassment lawsuit she had filed against the company and former Infosys director Phaneesh Murthy.
Infosys chairman and chief mentor N R Narayana Murthy told reporters that Infosys will contribute $ 1.5 million and the balance $ 1.5 million will be paid by insurance companies, under the company's directors' and officers' insurance cover.
Murthy said under the terms of the settlement, Infosys retains all rights to proceed with legal action against Phaneesh Murthy.
