Cognizant settles CFO lawsuit with Wipro; pays Rs 4 crore in settlement

Nasdaq-listed IT services major Cognizant on Tuesday said the firm’s Chief Financial Officer Jatin Dalal had reached a settlement in the “non-compete” lawsuit filed by Wipro.

The terms of the settlement, which was reached without any admission of liability by either party, are confidential.

The settlement resolves all pending disputes between Dalal and Wipro, said the company in a statement.