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Marketwired - Class Action

Marketwired - Class Action

Last Build Date: Fri, 07 Oct 2016 17:42:53 EDT

Copyright: Copyright: (C) Marketwired

Federman & Sherwood Announces Filing of Securities Class Action Lawsuit Against Cognizant Technology Solutions Corporation

Fri, 07 Oct 2016 16:34:46 EDT

OKLAHOMA CITY, OK--(Marketwired - Oct 7, 2016) -  On October 5, 2016, a class action lawsuit was filed in the United States District Court for the District of New Jersey against Cognizant Technology Solutions Corporation (NASDAQ: CTSH). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is February 25, 2016 through September 30, 2016.