||Cognizant Technology Solutions Corporation
||United States District Court for the District of New Jersey
||The Hon. William H. Walls
||Between February 27, 2015 and September 29, 2016
On October 5, 2016, the initial complaint in this securities class action was filed against Cognizant Technology Solutions Corporation (“Cognizant” or the “Company”), and certain of Cognizant’s directors and officers, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act. Lead Plaintiffs allege that in order to conceal an illicit bribery scheme, defendants made and caused to be made false and misleading statements and omissions in Cognizant’s filings with the U.S. Securities and Exchange Commission and sustainability reports. This action is being brought on behalf of a class of all persons and entities who purchased, or otherwise acquired, the common stock of the Company from February 27, 2015, through and including September 29, 2016.
Current Status of Case:
On June 5, 2020, defendants’ motion to dismiss plaintiffs’ second amended class action complaint was denied by the Court. The parties are currently engaged in discovery. This action is still ongoing.
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