Cognizant settles Dalal lawsuit with Wipro Intro: Pays Rs 4 crore in settlement

Nasdaq-listed, IT services firm Cognizant Technology Solutions on Tuesday said that its chief financial officer, Jatin Dalal has reached a settlement in the non-compete lawsuit fled by his former employer, Wipro by paying $505,087 (around Rs 4 crore) in an arbitration case.

Cognizant also said that former Wipro senior vice president Mohammad Haque’s lawsuit has also been settled with Wipro.