secwatch.observer — SEC 8-K summary
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Issuer:     COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK:        0001058290
Form:       8-K
Filed at:   2021-09-07T23:59:59+00:00
Accession:  0001058290-21-000241
Event type: litigation
Sentiment:  negative
Materiality: 0.65
Item codes: 7.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058290/000105829021000241/0001058290-21-000241-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058290/000105829021000241/ctsh-20210907.htm
  HTML page:      https://secwatch.observer/filing/0001058290-21-000241

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