Defendant Name:
Cognizant Technology Solutions Corporation
Defendant Type:
Public Company
Document Reference:
2019-12_3-19000
Document Details
Legal Case Name
In the Matter of Cognizant Technology Solutions Corporation
Document Name
SEC Charges Cognizant and Two Former Executives With FCPA Violations
Document Date
15-Feb-2019
Document Format
Administrative Proceeding
Allegation Type
Foreign Corrupt Practices Act
Document Summary
On February 15, 2019, the SEC stated that: "Cognizant Technology Solutions Corporation has agreed to pay $25 million to settle charges that it violated the Foreign Corrupt Practices Act (FCPA), and two of the company's former executives were charged for their roles in facilitating the payment of millions of dollars in a bribe to an Indian government official."
Disgorgement & Penalty Information
Resolutions
None Specified
Monetary Penalties:
Disgorgement
(Penalty was noted in document, but no amount was listed)
Civil Penalty
Individual:
$6,000,000.00
Shared:
Pre-Judgment Interest
(Penalty was noted in document, but no amount was listed)
Disgorgement and prejudgment interest
Individual:
$19,000,000.00
Shared:
