Cognizant Faces Another Class Action Lawsuit In US

New Delhi: Cognizant is facing yet another class action lawsuit in the US from a section of investors for allegedly issuing "false and misleading statements about its business and operations" between February and September this year. Law firm Holzer & Holzer LLC -- representing the investors -- alleged that the IT major made "improper payments to obtain permits and building licences in India". Cognizant, which had a headcount of ov...