LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC (the “Firm”) announces a class action lawsuit has been filed 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 in advance of the December 5, 2016 lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at firstname.lastname@example.org.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent 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 would conduct an internal investigation into whether certain payments in India violated the U.S. Foreign Corrupt Practices Act, and also announced that its President resigned. When this news emerged, shares of Cognizant dropped in value, causing investors harm.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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