BackSummary
Cognizant disclosed a proposed $5.5 million settlement of a stockholder derivative action, subject to court approval, paid by insurers.
Key takeaways
- Settlement of derivative action for $5.5 million, to be paid by insurers to Cognizant.
- Court hearing set for September 14, 2026, to approve the settlement.
- Plaintiff attorneys seek up to $1.83 million in fees and expenses.
- Cognizant stockholders may object by August 31, 2026.
- The disclosure is furnished under Item 7.01 and not deemed filed.