An investigation for investors in Cognizant Technology Solutions Corp (NASDAQ:CTSH) shares over potential securities laws violations by Cognizant Technology Solutions was announced and NASDAQ:CTSH stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 10/04/2016 -- Teaneck, NJ based Cognizant Technology Solutions Corp is under investigation over possible securities laws violations. The investigation was announced on behalf of investors in NASDAQ:CTSH shares in connection certain financial statements made by Cognizant Technology Solutions.
Investors who purchased shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH), have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Cognizant Technology Solutions Corp (NASDAQ:CTSH) concerning whether a series of statements by Cognizant Technology Solutions regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On September 30, 2016, Cognizant Technology Solutions Corp revealed that it "is conducting an internal investigation into whether certain payments relating to facilities in India were made improperly and in possible violation of the U.S. Foreign Corrupt Practices Act and other applicable laws." Simultaneously, Cognizant Technology Solutions Corp also announced its President, Gordon Coburn's resignation. Shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) declined on September 30, 2016 to as low as $45.44 per share.
Those who purchased shares of Cognizant Technology Solutions Corp have certain options and should contact the Shareholders Foundation.
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