NEW YORK, Oct. 5, 2016 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud at Cognizant Technology Solutions Corporation ("Cognizant" or the "Company") (NASDAQ: CTSH).
The investigation focuses on whether the Company and its executives violated federal securities laws. Specifically, during pre-market on September 30, 2016, Cognizant filed a Form 8-K with the Securities and Exchange Commission disclosing 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." In addition, it was revealed that on September 27, 2016, Gordon Coburn, the President of the Company, had resigned. As a result of the aforementioned disclosures, Cognizant stock has declined.
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If you invested in Cognizant stock or options and would like to discuss your legal rights, visit www.faruqilaw.com/CTSH. You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org. Faruqi & Faruqi, LLP also encourages anyone with information regarding Cognizant's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.
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