---
schema_version: "secwatch.filing_event.v1"
accession: "0001058290-21-000241"
form_type: "8-K"
ticker: "CTSH"
cik: "0001058290"
company_name: "COGNIZANT TECHNOLOGY SOLUTIONS CORP"
filed_at: "2021-09-07T23:59:59+00:00"
generated_at: "2026-06-29T05:24:22.430379+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Cognizant agrees to $95M settlement in securities class action; insurers to cover most

## Summary
- Settlement of $95M to resolve consolidated securities class action for purchases between Feb 27, 2015 and Sep 29, 2016.
- Subject to court approval; company and former officers deny any valid claims.
- Substantial majority of payment covered by D&O insurers; no amounts remaining under policies for this matter.
- Lawsuit alleged false statements related to FCPA violations, business prospects, and internal controls.

## SEC filing metadata
- accession: 0001058290-21-000241
- form_type: 8-K
- ticker: CTSH
- cik: 0001058290
- company_name: COGNIZANT TECHNOLOGY SOLUTIONS CORP
- filed_at: 2021-09-07T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1058290/000105829021000241/0001058290-21-000241-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1058290/000105829021000241/ctsh-20210907.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001058290-21-000241
- JSON: https://secwatch.observer/filing/0001058290-21-000241.json
- Plain text: https://secwatch.observer/filing/0001058290-21-000241.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.