September 27, 2022
A New Jersey federal judge Tuesday tossed consolidated derivative claims brought by Cognizant Technology Solutions Corp. investors over a bribery scandal, saying the investors' "unexcused failure" to give the company's board of directors a chance to decide whether to pursue the requested litigation dooms their case.
February 15, 2022
Two former executives of Cognizant Technology Solutions Corp. told a New Jersey federal court to dismiss consolidated stockholder derivative claims over a bribery scandal, arguing that the allegations can't stick against corporate officers under Delaware law.