Recent Security Class Actions

Cognizant Technology Solutions Corporation Class A Common Stock (NASDAQ: CTSH)

Company Name:Cognizant Technology Solutions Corporation Class A Common Stock
Stock Symbol:NASDAQ: CTSH
Class Period Start:02/27/2015
Class Period End (inclusive):09/29/2016
Filing Deadline:12/04/2016

According to the law firm press release, the lawsuit alleges throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) Cognizant lacked effective internal controls over financial reporting; (2) certain improper payments were for permits and building licenses for some of its 12 facilities in India; and (3) as a result, defendants' statements about Cognizant'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.