Market Overview

Robbins Arroyo LLP: Cognizant Technology Solutions Corporation (CTSH) Securities Class Action Survives Motion to Dismiss


Shareholder rights law firm Robbins
Arroyo LLP
is investigating whether certain officers and directors
of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) breached
their fiduciary duties to shareholders. Cognizant, a professional
services company, provides consulting, technology, and outsourcing
services worldwide.

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. 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:

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,,
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

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

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