An investigation on behalf of investors in Cognizant Technology Solutions Corp (NASDAQ: CTSH) shares over potential wrongdoing at Cognizant Technology Solutions Corp was announced..
San Diego, CA -- (SBWIRE) -- 02/04/2019 -- Certain directors of Cognizant Technology Solutions Corp are under investigation over potential breaches of fiduciary duties.
Investors who purchased shares of Cognizant Technology Solutions Corp (NASDAQ: CTSH) and currently hold any of those NASDAQ: CTSH shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Cognizant Technology Solutions directors breached their fiduciary duties and caused damage to the company and its shareholders.
On October 5, 2016, a lawsuit was filed against Cognizant Technology Solutions Corp over alleged securities laws violations. The plaintiff claimed that between February 25, 2016 and September 30, 2016 the defendants made false and/or misleading statements and/or failed to disclose that Cognizant Technology Solutions Corp lacked effective internal controls over financial reporting, that certain improper payments were for permits and building licenses for some of its 12 facilities in India, and that as a result, defendants' statements about Cognizant Technology Solutions Corp's business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damage.
Those who purchased shares of Cognizant Technology Solutions Corp (NASDAQ:CTSH) have certain options and should contact the Shareholders Foundation.
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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