- Cognizant Technology Solutions Corp has reached a $95 million settlement to resolve a lawsuit accusing the information technology services company of defrauding shareholders by concealing bribes to officials in India.
- Cognizant said it expected insurers to cover a substantial majority of the settlement payment.
- In February 2019, Cognizant agreed to pay $25 million to settle a related US Securities and Exchange Commission civil probe.
[Via]
