LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Cognizant Technology Solutions Corporation (“Cognizant” or the “Company”) (NASDAQ: CTSH) investors concerning the Company and its officers’ possible violations of federal securities laws.
Cognizant provides information technology (IT), consulting and business process services worldwide.
On September 30, 2016, Cognizant disclosed that it was “conducting an internal investigation” concerning whether “certain payments relating to facilities in India were made improperly and in possible violation of the U.S. Foreign Corrupt Practices Act.” Additionally, Cognizant announced the resignation of the Company’s President, Gordon Coburn.
On this news, shares of Cognizant fell over 13% to close at $47.71 per share on September 30, 2016, thereby injuring investors.
If you purchased Cognizant securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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