Cognizant Case Offers GCs Warning On Shirking FCPA
Law360 (February 26, 2019, 8:18 PM EST) -- Charges against Cognizant Technology Solutions Corp.'s former top lawyer over alleged foreign bribes should remind general counsel that their job includes policing against corrupt payments and that the consequences of enabling graft on overseas projects can dwarf any benefits, experts say.
Acting under the Foreign Corrupt Practices Act, federal prosecutors and regulators have accused Cognizant's ex-Chief Legal Officer Steven E. Schwartz and former President Gordon Coburn of authorizing a contractor to pay a senior government official in India $2 million to secure a planning permit needed for construction of the company's 2.7-million-square-foot office campus in Chennai.
Cognizant has agreed to pay $25...
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