SHAREHOLDER ALERT: Law Office Of Brodsky & Smith, LLC Files Class Action Lawsuit Against Cognizant Technology Solutions Corporation

Law Office of Brodsky & Smith, LLC announces that it has filed a class action lawsuit on behalf of purchasers of Cognizant Technology Solutions Corporation ("Cognizant") (NASDAQ: CTSH) securities, who purchased or otherwise acquired Cognizant's securities between February 27, 2015 and September 30, 2016, inclusive (the "Class Period"), seeking to pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act"). The action was filed in the United States District Court for the District of New Jersey and is captioned The Ann B Johnson Living Trust v. Cognizant Technology Solutions Corporation, et al., No. 16-cv-08641.

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Cognizant provides information technology services ("IT"), consulting, and business process services that enable its clients to operate more efficiently. The Company's technical professionals work from the Company's development and delivery centers, which are located throughout the world, as well as from client locations. The majority of Cognizant's technical professionals are employed in India.

Throughout the Class Period, Defendants made false and misleading statements and failed to disclose material adverse facts about the Company's business and operations. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (1) Cognizant made improper payments to Indian officials in exchange for building permits and operating licenses for certain of the Company's facilities in India; (2) Cognizant lacked effective internal controls over financial reporting; and (3) as a result, Defendants' statements about the Company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

The truth about Cognizant's business practices began to surface on September 30, 2016, when the Company announced that Gordon Coburn, the Company's President, abruptly resigned from his position on September 27, 2016. Coinciding with this news, Cognizant disclosed in Form 8-K filed with the SEC that the Company had initiated an internal investigation regarding occurrences of bribery related to its delivery centers located in India.

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