On this news, the price of the Company's common stock declined $7.29 per share, or more than 13%, from a close of $55.00 per share on September 29, 2016, to close at $47.71 per share on September 30, 2016.The following week, on October 4, 2016, The Indian Express published an article about the Company's internal corruption investigation and cited a Cognizant spokesperson who stated that the Company's "investigation is currently focused on improper payments such as building licenses, permits, etc., involving a small number of Company-owned facilities in India." Cognizant shareholders may, no later than December 5, 2016, move the Court to serve as a lead plaintiff of the class. In order to be appointed as a lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. If you own shares of Cognizant common stock and wish to discuss this action, or if you have any questions, you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by e-mail at email@example.com, by visiting http://www.brodskysmith.com/cases/cognizant-technology-solutions-corporation-nasdaq-ctsh/, or calling toll free 1-877-LEGAL-90. Brodsky & Smith, LLC is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and case action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and successfully recovered millions of dollars for our clients and shareholders.
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