Robbins Arroyo LLP: Litigation Continues Against Cognizant Technology Solutions Corporation (CTSH)

SAN DIEGO & TEANECK, N.J.–(BUSINESS WIRE)–$CTSH #ClassAction–Shareholder rights law firm Robbins
Arroyo LLP
is investigating whether certain officers and directors
of Cognizant Technology Solutions Corporation (NasdaqGS: CTSH) breached
their fiduciary duties to shareholders. Cognizant, a professional
services company, provides consulting, technology, and outsourcing
services worldwide.

Shareholder Class Action Alleging Defendants Made Materially False
and Misleading Statements to Conceal Bribery Scheme Survives Motion to
Dismiss

Investors filed a class action complaint against Cognizant for alleged
violations of the Securities Exchange Act of 1934. According to the
complaint, Cognizant officials engaged in an illegal bribery scheme by
making improper payments to obtain permits and building licenses for
some of the company’s facilities in India. In so doing, Cognizant failed
to enforce the company’s controls related to real estate and procurement
in connection with those facilities, all while falsely assuring
investors that the company operated under strict compliance with its
anticorruption policy. Further, Cognizant incorrectly allocated the
bribes resulting in an overstatement of earnings. On August 8, 2018,
Senior U.S. District Court Judge William H. Walls denied in part
defendants’ motion to dismiss plaintiff’s complaint, paving the way for
litigation to proceed.

View this information on the law firm’s Shareholder Rights Blog: https://www.robbinsarroyo.com/cognizant-technology-nov-2018/

Cognizant Shareholders Have Legal Options

Concerned shareholders who would like more information about their
rights and potential remedies can contact attorney Leonid Kandinov at
(800) 350-6003, LKandinov@robbinsarroyo.com,
or via the shareholder
information form
on the firm’s website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual and institutional investors
in shareholder derivative and securities class action lawsuits, and has
helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested. Sign up for our FREE
portfolio monitoring service, Stock
Watch
.

Attorney Advertising. Past results do not guarantee a similar outcome.

Contacts

Robbins Arroyo LLP
Leonid Kandinov
600 B Street, Suite 1900
San
Diego, CA 92101
LKandinov@robbinsarroyo.com
(619)
525-3990 or Toll Free (800) 350-6003
www.robbinsarroyo.com

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