Wipro vs Jatin Dalal: Cognizant board approves to pay 505,087 dollars to its CFO

BENGALURU: The board of directors of Cognizant Technology Solutions Corporation has approved the company’s payment of $ 505,087 to its chief financial officer, Jatin Dalal, in connection with Dalal’s settlement of the lawsuit and related arbitration brought by his former employer, Wipro Limited.

In SEC filings, Cognizant said, “The settlement was reached without admission of liability by either party. The company’s payment covers Mr. Dalal’s settlement payment to Wipro as well as reimbursement of his legal fees.”