Energy News / Shareholders Foundation, Inc.

NASDAQ:CTSH Shareholder Notice: Investigation over Potential Wrongdoing at Cognizant Technology Solutions Corp

Via: ReleaseWire

Updated 11:00 AM CDT, Thu, September 06,2018

An investigation on behalf of investors in Cognizant Technology Solutions Corp (NASDAQ: CTSH) shares over potential wrongdoing at Cognizant Technology Solutions was announced and NASDAQ: CTSH stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWIRE) -- 09/06/2018 -- 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) 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 Corp (NASDAQ: CTSH officers and 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 (NASDAQ:CTSH) 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.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.sbwire.com/press-releases/nasdaqctsh-shareholder-notice-investigation-over-potential-wrongdoing-at-cognizant-technology-solutions-corp-1043518.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com