US SEC Discontinues Cognizant Bribery Case Amidst DOJ Abandonment

Reported about 13 hours ago

The U.S. Securities and Exchange Commission (SEC) has closed a civil bribery case against former Cognizant Technology Solutions executives Gordon Coburn and Steven Schwartz after the Department of Justice abandoned a related criminal case. This decision follows President Trump's executive order halting the enforcement of certain anti-corruption laws, including the Foreign Corrupt Practices Act. The SEC's withdrawal of claims was made as a policy choice rather than on legal merits, while Cognizant had previously settled for $25.2 million over the allegations.

Source: YAHOO

View details

You may also interested in these wikis

Back to all Wikis