COGNIZANT INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates Cognizant Technol...
September 30 2016 - 10:07PM
Business Wire
Former Attorney General of Louisiana, Charles C. Foti, Jr.,
Esq., a partner at the law firm of Kahn Swick & Foti, LLC
(“KSF”), announces that KSF has commenced an investigation into
Cognizant Technology Solutions Corporation (NasdaqGS: CTSH).
On September 30, 2016, 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.” Cognizant further announced the resignation of the Company’s
President, Gordon Coburn.
On this news, the price of Cognizant’s shares plummeted.
KSF’s investigation is focusing on whether Cognizant and/or its
officers and directors violated state or federal securities
laws.
If you are a Cognizant shareholder and have suffered losses, you
may, without obligation or cost to you, call toll-free at
1-877-515-1850 or email KSF Managing Partner Lewis Kahn
(lewis.kahn@ksfcounsel.com).
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney
General Charles C. Foti, Jr., is a law firm focused on securities,
antitrust and consumer class actions, along with merger &
acquisition and breach of fiduciary litigation against publicly
traded companies on behalf of shareholders. The firm has offices in
New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160930005809/en/
Kahn Swick & Foti, LLCLewis Kahn, Managing Partner,
877-515-1850lewis.kahn@ksfcounsel.com
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