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SAN FRANCISCO, May 24, 2019 (GLOBE NEWSWIRE) -- Hagens Berman Sobol Shapiro LLP, with nine offices in eight cities around the country and eighty attorneys, reminds investors in Cognizant Technology (NASDAQ: CTSH) of the firm’s ongoing investigation into possible disclosure violations.
If you purchased or otherwise acquired Cognizant securities between December 21, 2018 and May 2, 2019, suffered losses, and wish to learn more about the investigation or have knowledge of facts that may assist the firm’s investigation contact Hagens Berman:
or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing
On May 2, 2019, Cognizant and senior management (1) announced disappointing Q1 2019 financial results, and (2) slashed the Company’s 2019 revenue outlook. In response, the price of Cognizant shares significantly fell on May 3, 2019.
“We’re focused on investors’ losses, whether certain current and former executives knew or should have known that the February 6, 2019 and earlier guidance was not executable due to weaknesses within the core Financial Services and Healthcare segments, and whether investors may have been misled,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Cognizant should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email CTSH@hbsslaw.com.
About Hagens Berman
Hagens Berman is a nationwide law firm that represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes is located at hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Reed Kathrein, 510-725-3000