Strauss Troy Files Class Action Lawsuit Against Cognizant Technology Solutions Corporation

Class Action Filed on Behalf of Cognizant Investors

On October 27, 2016, Strauss Troy filed a class action lawsuit on behalf of purchasers of Cognizant Technology Solutions Corporation (“Cognizant” or the “Company”) (NASDAQ: CTSH).

The complaint was filed in the United States District Court for the District of New Jersey on behalf of investors who purchased Cognizant common stock between February 25, 2016, and September 30, 2016 (the “Class Period”).

Allegations of Federal Securities Law Violations

The complaint alleges that Cognizant and certain of its officers violated federal securities laws by:

• Issuing false and misleading statements to investors
• Failing to maintain effective internal controls over financial reporting
• Failing to disclose improper payments related to permits and building licenses for certain facilities in India

Disclosure of Internal Investigation and Executive Resignation

On September 30, 2016, Cognizant filed a Form 8-K disclosing for the first time that it was conducting an internal investigation into whether payments related to its facilities in India were improper and in violation of the U.S. Foreign Corrupt Practices Act.

The Company also disclosed that its President had resigned on September 27, 2016.

Stock Price Decline and Investor Losses

Following these disclosures, Cognizant’s stock price fell more than 17 percent on September 30, 2016, eliminating approximately $4.4 billion in market capitalization.

Plaintiffs allege that these losses were the direct result of previously undisclosed misconduct and materially misleading statements.

Seeking Recovery for Affected Investors

Plaintiffs seek to recover damages on behalf of themselves and all other investors who purchased Cognizant common stock during the Class Period, excluding the defendants and their affiliates.

The action is being prosecuted by Strauss Troy, a firm with extensive experience representing investors in class actions involving violations of federal securities laws.

Lead Plaintiff Deadline and Investor Rights

Investors interested in serving as lead plaintiff must file a motion with the court no later than December 5, 2016. A lead plaintiff acts as a representative party on behalf of the class.

For more information about the Cognizant shareholder lawsuit or your legal rights, please contact:

• Richard S. Wayne, Esq.
• Robert R. Sparks, Esq.
• Annie C. Jansen

Strauss Troy
150 E. Fourth Street
Cincinnati, Ohio 45202
Phone: (513) 621-2120
Email: rswayne@strausstroy.com, rrsparks@strausstroy.com or acjansen@strausstroy.com.