On September 30, 2016, pre-market, Cognizant 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, the Company also announced its President, Gordon Coburn's resignation. Following this news, Cognizant stock has dropped as much as $9.43 per share, or 17.15%, to $45.57 during intraday trading on September 30, 2016.
If you are aware of any facts relating to this investigation, or if you purchased shares of Cognizant, you can assist this investigation by visiting the firm's site: http://www.bgandg.com/ctsh or by contacting Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email email@example.com. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
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