NEW ORLEANS, Oct. 21, 2016 /PRNewswire/ -- Kahn Swick &
Foti, LLC ("KSF") and KSF partner, the former Attorney General of
Louisiana, Charles C. Foti, Jr., remind investors that they
have until December 5, 2016 to
file lead plaintiff applications in a securities class action
lawsuit against Cognizant Technology Solutions Corporation
(NasdaqGS: CTSH), if they purchased the Company's securities
between February 25, 2016 and
September 30, 2016, inclusive (the
"Class Period"). This action is pending in the United States
District Court for the District of New
Jersey.
What You May Do
If you purchased shares of Cognizant and would like to discuss
your legal rights and how this case might affect you and your right
to recover for your economic loss, 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). If you wish to
serve as a lead plaintiff in this class action, you must petition
the Court by December 5,
2016.
About the Lawsuit
Cognizant and certain of its executives are charged with failing
to disclose material information during the Class Period, violating
federal securities laws.
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.
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.
Contact:
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner
lewis.kahn@ksfcounsel.com
1-877-515-1850
206 Covington St.
Madisonville, LA 70447
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SOURCE Kahn Swick & Foti, LLC