-+ 0.00%
-+ 0.00%
-+ 0.00%

Cognizant reaches $5.5 million settlement in stockholder derivative lawsuit

PUBT·07/10/2026 21:00:22
Listen to the news
Cognizant reaches $5.5 million settlement in stockholder derivative lawsuit
  • Cognizant reached a proposed settlement in a stockholder derivative lawsuit in U.S. federal court in New Jersey.
  • Insurers for the defendants would pay USD 5.5 million to Cognizant, less court-approved attorneys’ fees, expenses, and a service award.
  • Plaintiff’s counsel plans to seek up to USD 1.83 million in fees and expenses, about 33% of the settlement fund.
  • The court set a settlement hearing for Sept. 14, 2026, with objections due by Aug. 31, 2026.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cognizant Technology Solutions Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: 202607101700PR_NEWS_USPR_____NY01777) on July 10, 2026, and is solely responsible for the information contained therein.