NEW YORK, Oct. 4, 2016 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Cognizant Technology Solutions Corporation ("Cognizant" or the "Company") (NASDAQ: CTSH), concerning whether the board has breached its fiduciary duties to shareholders.
On September 30, 2016, the Company disclosed that its President had resigned on September 27, 2016. The Company also stated 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," and "voluntarily notified the United States Department of Justice . . . and United States Securities and Exchange Commission . . . and is cooperating fully with both agencies."
Our investigation concerns whether the Company board of directors has breached its fiduciary duties to shareholders, grossly mismanaged the Company, and/or committed abuses of control in connection with the foregoing.
If you own Cognizant shares and wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:
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