ATLANTA--(BUSINESS WIRE)--Holzer & Holzer, LLC announces that a class action lawsuit has been filed on behalf of investors in Cognizant Technology Solutions (“Cognizant” or the “Company”) (NASDAQ: CTSH). The complaint alleges Cognizant issued false and misleading statements about its business and operations between February 25, 2016 and September 30, 2016.
According to the complaint, Cognizant made improper payments to obtain permits and building licenses in India. On September 30, 2016, Cognizant announced it was conducting an internal investigation into possible violations of the U.S. Foreign Corrupt Practices Act. The price of Cognizant’s stock declined following the announcement.
If you purchased Cognizant shares during that time and suffered a loss on your investment, you are encouraged to contact Corey D. Holzer, Esq. at cholzer@holzerlaw.com or Marshall P. Dees, Esq. at mdees@holzerlaw.com, or by toll-free telephone at (888) 508-6832, to discuss your legal rights. The deadline to ask the court to be appointed lead plaintiff is December 5, 2016.
Holzer & Holzer, LLC is an Atlanta, Georgia law firm that dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. More information about the firm is available through its website, www.holzerlaw.com and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey D. Holzer is the attorney responsible for its content.