Cognizant Technology Solutions CorporationNASDAQ: CTSH

Summary Notice of Pendency and Proposed Settlement of Stockholder Derivative Action

· Issued by Cognizant Technology Solutions Corporation via PR Newswire
Watch Cognizant Technology Solutions explain itCognizant Technology Solutions Corporation (CTSH) Q2 2026 Earnings Call · Replay · Jul 29

TEANECK, N.J., July 10, 2026 /PRNewswire/ -- Cognizant (Nasdaq: CTSH) has released the following notice:

HERMAN JONES LLP
SERINA M. VASH
153 Central Avenue #131
Westfield, NJ 07090
svash@hermanjones.com
Telephone: (404) 504-6516
Facsimile: (404) 504-6501

[Additional Counsel on Signature Page]

Attorneys for Plaintiff

UNITED STATES DISTRICT COURT 
FOR THE DISTRICT OF NEW JERSEY

VISWANATHA PALEMPALLI,

Derivatively on Behalf of COGNIZANT
TECHNOLOGY SOLUTIONS CORPORATION,

Plaintiff,

v.


MICHAEL PATSALOS-FOX, JOHN

N. FOX, JR., MAUREEN BREAKIRON-
EVANS, LEO S. MACKAY, JR., ZEIN
ABDALLA, FRANCISCO D'SOUZA,
KAREN MCLOUGHLIN, RAJEEV MEHTA,
GORDON J. COBURN, STEVEN
SCHWARTZ, RAMAKRISHNAN
CHANDRASEKARAN, JOHN E. KLEIN,
JONATHAN CHADWICK, THOMAS M.
WENDEL, LAKSHMI NARAYANAN, and
ROBERT E. WEISSMAN,

Defendants,


-and-


COGNIZANT TECHNOLOGY SOLUTIONS
CORPORATION, a

Delaware Corporation,

Nominal Defendant.

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

Case No. 2:21-cv-12025-EP-SDA


SUMMARY NOTICE OF PENDENCY
AND PROPOSED SETTLEMENT OF
STOCKHOLDER DERIVATIVE ACTION


EXHIBIT B-2

TO: ALL OWNERS OF THE COMMON STOCK OF COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION ("COGNIZANT" OR THE "COMPANY") CURRENTLY AND AS OF NOVEMBER 25, 2025:

THIS NOTICE RELATES TO THE PENDENCY AND PROPOSED SETTLEMENT OF STOCKHOLDER DERIVATIVE LITIGATION. PLEASE READ THIS NOTICE CAREFULLY AND IN ITS ENTIRETY. IF YOU ARE A COGNIZANT STOCKHOLDER, THIS NOTICE CONTAINS IMPORTANT INFORMATION ABOUT YOUR RIGHTS.

THIS DERIVATIVE ACTION IS NOT A "CLASS ACTION." THUS, THERE IS NO COMMON FUND UPON WHICH YOU CAN MAKE A CLAIM FOR MONETARY PAYMENT. IF YOU DO NOT OBJECT TO THE TERMS OF THE PROPOSED SETTLEMENT, THE AMOUNT OF ATTORNEYS' FEES AND EXPENSES, OR THE AMOUNT OF THE SERVICE AWARD DESCRIBED IN THIS NOTICE, YOU ARE NOT OBLIGATED TO TAKE ANY ACTION.

PLEASE TAKE NOTICE that the parties to the above-captioned stockholder derivative action have reached an agreement to settle the derivative claims brought on behalf of and for the benefit of Cognizant.

The terms of the settlement are set forth in a Stipulation and Agreement of Settlement dated November 25, 2025 (the "Stipulation").1 This notice should be read in conjunction with, and is qualified in its entirety by reference to, the text of the Stipulation, which has been filed with the U.S. District Court for the District of New Jersey. A link to the text of the Stipulation and the full-length Long-Form Notice of Pendency and Proposed Settlement of Stockholder Derivative Action may be found on the "Investors" page of Cognizant's website at http://investors.cognizant.com.