Cognizant to pay Rs 4 crore to settle CFO Jatin Dalal’s lawsuit with Wipro

Global IT services giant Cognizant Technology Solutions on Tuesday announced that its chief financial officer (CFO) Jatin Dalal has reached a settlement in the non-compete lawsuit filed by his former employer Wipro with a payment of $505,087 (around Rs 4 crore) related to arbitration case.

“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 Mr. Dalal and Wipro,” Cognizant said in a statement.