Attys Get $19M In Cognizant's $95M Bribery Deal

By Nick Muscavage (December 22, 2021, 2:28 PM EST) -- Attorneys representing a proposed class of Cognizant investors who inked a $95 million settlement to resolve claims that the company bribed officials in India for tax breaks and labor benefits will receive $19 million for their work on the lawsuit, a New Jersey federal district court ordered Tuesday.

The attorneys will receive a 20% cut of the settlement fund worth $18.9 million, plus interest and a $271,858 payment of plaintiffs' counsel's litigation expenses, U.S. District Court Judge Esther Salas said in the order. The firms representing the investors are New Jersey-based Lowenstein Sandler LLP and New York-based Bernstein Litowitz Berger &...

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