secwatch.observer — SEC 8-K summary
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Issuer:     COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK:        0001058290
Form:       8-K
Filed at:   2026-07-10T21:13:29+00:00
Accession:  0001058290-26-000025
Event type: litigation
Sentiment:  neutral
Materiality: 0.40
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cognizant reaches $5.5M settlement in stockholder derivative action
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1058290/000105829026000025/0001058290-26-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1058290/000105829026000025/ctsh-20260630.htm
  HTML page:      https://secwatch.observer/filing/0001058290-26-000025

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer