United States: Former Cognizant employee files lawsuit against board members, key executives

A former employee of IT services provider Cognizant has sued current and former board members as well as key executives for allegedly misleading shareholders about a bribery scandal in India.

The lawsuit by Ravindra Guyyala in the US District Court of Delaware follows a separate ongoing securities class action lawsuit filed by Cognizant shareholders, alleging that the company failed to disclose the bribery and misled shareholders.

The petitions names former CEO Francisco D’Souza, current CFO Karen McLoughlin, former president Gordon Coburn, and former chief legal officer Steven E. Schwartz and board members, including current CEO Brian Humphries, as defendants.

The original full article can be found at economictimes.indiatimes.com

(Picture: BT)

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