June 5, 2020 - The court denied the defendants' motion to dismiss.

June 10, 2019 - A motion to dismiss the second amended complaint was filed.

April 26, 2019 - A second amended complaint was filed.

August 8, 2018 - The court granted in part and denied in part the defendants' motion to dismiss. The plaintiffs were given leave to amend the complaint.

June 6, 2017 - A motion to dismiss the amended complaint was filed.

April 7, 2017 - An amended complaint was filed.

October 5, 2016 - An investor in shares of Cognizant Technology Solutions Corp (NASDAQ: CTSH) filed a lawsuit in the U.S. District Court for the District of New Jersey over alleged violations of Federal Securities Laws by Cognizant Technology Solutions Corp in connection with certain allegedly false and misleading statements made between February 25, 2016 and September 30, 2016.

According to the complaint the plaintiff alleges on behalf of purchasers of Cognizant Technology Solutions Corp (NASDAQ: CTSH) common shares between February 25, 2016 and September 30, 2016, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 25, 2016 and September 30, 2016 the defendants made false and/or misleading statements and/or failed to disclose that Cognizant Technology Solutions Corp lacked effective internal controls over financial reporting, that certain improper payments were for permits and building licenses for some of its 12 facilities in India, and that as a result, defendants’ statements about Cognizant Technology Solutions Corp’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damage.

Cognizant Technology Solutions Corp reported that its annual Total Revenue increased from over $10.26 billion in 2014 to over $12.41 billion in 2015 and that its Net Income rose from over $1.43 billion in 2014 to over $1.62 billion in 2015.

On September 30, 2016, Cognizant Technology Solutions Corp revealed that it is conducting an internal investigation into whether certain payments relating to facilities in India were made improperly and in possible violation of the U.S. Foreign Corrupt Practices Act and other applicable laws. Simultaneously, Cognizant Technology Solutions Corp also announced its President, Gordon Coburn's resignation.

Shares of Cognizant Technology Solutions Corp (NASDAQ: CTSH) declined on September 30, 2016 to as low as $45.44 per share.