Cognizant reaches $5.5M settlement in stockholder derivative action

COGNIZANT TECHNOLOGY SOLUTIONS CORP

Settlement requires insurers to pay $5.5M to Cognizant, net of court-approved fees.
Attorneys' fees capped at $1.83M (33% of fund); service award up to $15K.
Derivative action alleged breach of fiduciary duty, FCPA violations, and excessive stock repurchases.
Court hearing for final approval set for September 14, 2026.
Defendants deny all wrongdoing; settlement includes no admission of liability.

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