IMPORTANT INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit Cognizant Technology Solutions Corporation
and Encourages Investors with Losses to Contact the Firm
Lundin Law PC (the “Firm”) announces the filing of a class action lawsuit against Cognizant Technology Solutions
Corporation (“Cognizant” or the “Company”) (Nasdaq: CTSH) concerning possible violations of federal securities laws between
February 25, 2016 and September 30, 2016, inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares
during the Class Period should contact the Firm prior to the December 5, 2016 lead plaintiff motion deadline.
To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at
brian@lundinlawpc.com.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney.
You may also choose to do nothing and be an absent class member.
According to the complaint, Cognizant made false and/or misleading statements and/or failed to disclose that: the Company lacked
effective internal controls over financial reporting; that certain improper payments were made for permits and building licenses
for some of its facilities in India; and that as a result of the above, Cognizant’s statements about its business, operations and
prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
On September 30, 2016, Cognizant announced that it would conduct an internal investigation into whether certain payments in
India violated the U.S. Foreign Corrupt Practices Act. The Company also announced that its President resigned. When this
information was disclosed to the public, shares of Cognizant lowered in value.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’
rights.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/
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