Cognizant pays 4 crore to settle CFO Jatin Dalal’s lawsuit with Wipro: Top points

Cognizant Technology Solutions said that its Chief Financial Officer (CFO) Jatin Dalal has reached a settlement in the non-compete lawsuit filed by Wipro. To settle the lawsuit and related arbitration, Cognizant has paid $505,087 to Jatin Dalal, the company said in a filing, adding, “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 that former Wipro senior vice president (SVP) Mohammad Haque’s lawsuit with Wipro has also been settled.