LOS ANGELES, CA / ACCESSWIRE / December 2, 2016 / Lundin Law PC, a shareholder rights firm, announces a class action lawsuit against Cognizant Technology Solutions Corporation ("Cognizant" or the "Company") (CTSH) concerning possible violations of federal securities laws between February 27, 2015 and September 30, 2016, inclusive (the "Class Period"). Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm prior to the December 5, 2016 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here. You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.

According to the complaint, Cognizant made false and/or misleading statements and/or failed to disclose that: the Company lacked effective internal controls over financial reporting; that certain improper payments were made for permits and building licenses for some of its facilities in India; and that as a result of the above, Cognizant's statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

On September 30, 2016, Cognizant announced that it would conduct an internal investigation into whether certain payments in India violated the U.S. Foreign Corrupt Practices Act. The Company also announced that its President resigned. When this information was released to the public, shares of Cognizant lowered in value, which caused investors serious harm.

Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.

This press release may be considered Attorney Advertising in certain jurisdictions under the applicable law and ethical rules.

Contact:

Lundin Law PC
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile: 888-713-1125
brian@lundinlawpc.com
http://lundinlawpc.com/

SOURCE: Lundin Law PC