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Home/News Feed/Cognizant settles shareholder lawsuit with $5.5M payment from insurers, pending court approval.
CTSH
$44.16
+$1.59 +3.75%

Cognizant settles shareholder lawsuit with $5.5M payment from insurers, pending court approval.

Company Fundamentals
10 Jul 2026
PRNewsWire
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Neutral
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Cognizant Technology Solutions has reached a settlement in a shareholder derivative lawsuit, with defendants' insurers agreeing to pay $5.5 million to the company. The settlement, filed with the U.S. District Court for the District of New Jersey, includes a request for attorneys' fees of up to $1.83 million and a $15,000 service award for the plaintiff, subject to court approval. A hearing to approve the settlement is scheduled for September 14, 2026. Shareholders have the right to object or appear at the hearing by August 31, 2026. This settlement resolves claims brought on behalf of Cognizant and aims to benefit the company financially.

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