IRVINE, Calif.--(BUSINESS WIRE)--
Khang & Khang LLP (the “Firm”) announces the filing of a class action lawsuit against Cognizant Technology Solutions Corporation (“Cognizant” or the “Company”) (Nasdaq: CTSH). Investors, who purchased or otherwise acquired shares between February 25, 2016 and September 30, 2016 inclusive (the “Class Period”), are encouraged to contact the Firm before the December 5, 2016 lead plaintiff motion deadline.
If you purchased Cognizant shares during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or via e-mail at [email protected].
There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.
The complaint alleges that during the Class Period, Cognizant made false and/or misleading statements and/or failed to disclose that: Cognizant 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, the Company’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 was conducting an internal investigation into whether some payments in India violated the U.S. Foreign Corrupt Practices Act, and that its President resigned. When this information was announced, shares of Cognizant fell in value, causing investors harm.
If you wish to learn more about this lawsuit, or if you have questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by e-mail at [email protected].
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