Cognizant office building. Credit: JHVEPhoto/Adobe Stock En Banc Panel Adopts New Appellate Standard: Shareholder Suit Dismissed Against Cognizant
Cognizant agreed to pay $25 million to the U.S. Securities and Exchange Commission in 2019 to settle charges that the payments it made to Indian government officials violated the Foreign Corrupt Practices Act.
May 03, 2024 at 02:41 PM
4 minute read
Securities Litigation
The U.S. Court of Appeals for the Third Circuit upheld the dismissal of a shareholder derivative action against Cognizant Technology Solutions after adopting a new standard of appellate review in a rare en banc ruling.
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