Cognizant (CTSH) has provided an announcement.
Cognizant Technology Solutions Corporation has settled a legal dispute involving their CFO, Jatin Dalal, by paying $505,087 over allegations by his former employer, Wipro Limited. The payment, which includes settlement and legal fees, resolves claims of breach of non-compete and confidentiality agreements without any admission of wrongdoing. This move allows the parties to move forward without further litigation.
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