INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Cognizant Technology Solutions Corporation
of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 5, 2016 – CTSH
The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Cognizant Technology Solutions Corporation
(“Cognizant Technology” or “the Company”) (NASDAQ:CTSH) between February 25, 2016 and September 30,
2016. You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the District
of New Jersey. To get more information go to:
http://www.zlk.com/pslra/cognizant-technology-solutions-corporation
or contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by
telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that, Cognizant Technology officials failed to disclose in its Form 10-K for the fiscal year 2015 improper
payments made by the Company for gaining permits and building licenses for some of its facilities in India. The complaint further
alleges that the company lacked effective internal controls over financial reporting.
On September 30, 2016, Cognizant Technology announced the resignation of company president, Gordon Coburn, on September 27,
2016. In the Form 8-K filed September 30, 2016, Cognizant Technology revealed that it is conducting an internal investigation
involving possible violations of the U.S. Foreign Corrupt Practices Act and other applicable laws. Following the release of this
information, Cognizant Technology stock fell $7.29 per share, or over 13%, to close at $47.71 per share on September 30, 2016.
If you suffered a loss in Cognizant Technology Solutions Corporation, you have until December 5,
2016 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that
you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The
firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered
hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar
outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
(212) 363-7500, toll-free: (877) 363-5972
jlevi@zlk.com
View source version on businesswire.com: http://www.businesswire.com/news/home/20161202005450/en/