US-based Rosen Law Firm and Schall Law Firm have filed class-action suits against HDFC Bank alleging misleading public statements and for failing to inform investors about the bank's improper internal controls on vehicle loans.
The lawsuits named outgoing-MD Aditya Puri, CEO Sashidhar Jagdishan, and company secretary Santosh Haldankar.
Rosen Law filed the suit on behalf of investors who purchased HDFC Bank equity between July 31, 2019 and July 10, 2020.