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US lawsuit could open Pandora's box for Cognizant

The suit will add pressure on the Cognizant management to complete investigations into bribery allegations and prepare for the legal challenge

TE Narasimhan & Gireesh Babu  |  Chennai 

A class action suit is the latest of the troubles for Cognizant Technology Solutions, hit by a bribery scandal at its properties in India. Cognizant, whose four out of five of whose employees are based in India, is facing a lawsuit that questions its controls over its financial reporting,  which could open a Pandora's box involving its auditors. Rosen, a New York-based law firm, filed a case in US courts against Cognizant representing unnamed shareholders of the company.  Cognizant declined to comment on the lawsuit. The suit will add pressure on the Cognizant management to ...

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First Published: Sat, October 08 2016. 00:46 IST
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