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The class action settlement will be paid on behalf of all defendants, including two of its former executives — president Gordon Coburn and chief legal and corporate affairs officer Steven Schwartz — and deposited into an interest-bearing escrow account within 20 days of preliminary approval. Coburn and Schwartz have both pleaded not guilty to criminal charges filed against them by federal prosecutors, arguing they were not involved in the bribery scheme, according to the motion.
Let us know in the comments! Himmel and Michael T. District Court for the District of New Jersey. Your email address will not be published. Please note: Top Class Actions is not a settlement administrator or law firm. Top Class Actions is a legal news source that reports on class action lawsuits, class action settlements, drug injury lawsuits and product liability lawsuits.
Top Class Actions does not process claims and we cannot advise you on the status of any class action settlement claim. You must contact the settlement administrator or your attorney for any updates regarding your claim status, claim form or questions about when payments are expected to be mailed out.
The company sued Bohrer about a year later, and the firm has moved to dismiss that case on jurisdictional and related grounds. Meanwhile, Schwartz sued again in Delaware, seeking an injunction blocking the federal case. Will said Friday that she lacked the authority to issue that injunction.
Abrams will have to decide whether the dispute belongs in New York or Delaware, Will held. The case is Schwartz v. Cognizant Tech.
To contact the reporter on this story: Mike Leonard in Washington at mleonard bloomberglaw. To contact the editors responsible for this story: Rob Tricchinelli at rtricchinelli bloomberglaw. To read more articles log in.
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Sep 22, · Initial Reports Suggest $95 Million Settlement Agreement Has Been Forged Between Cognizant Technology Securities Corp. And Its Investors Company investors and . Aug 23, · A lawsuit filed by a former executive under the False Claims Act (FCA) alleges that the IT giant had been bringing workers to the US using business or intra-company visas, . Sep 8, · September 8, , AM · 1 min read (Reuters) - Cognizant Technology Solutions Corp has reached a $95 million settlement to resolve a lawsuit accusing the .