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  • In re: Cognizant Tech. Solutions Corp. Derivative Litig.

    Publication Date: 2024-05-20
    Practice Area: Corporate Entities
    Industry:
    Court: U.S. Court of Appeals for the Third Circuit
    Judge: Justice Fuentes
    Attorneys: For plaintiff: William B. Federman (Federman & Sherwood); Matthew F. Gately, Peter S. Pearlman (Cohn Lifland Pearlman Herrmann & Knopf); Benny C. Goodman, III, Steven Hubachek, Erik W. Luedeke (Robbins Geller Rudman & Dowd); James M. Ficaro, Robert B. Weiser (The Weiser Law Firm); Gary S. Graifman (Kantrowitz Goldhamer & Graifman); Britt W. Sowle (Cavanagh & O’Hara); Melissa A. Fortunato (Bragar Eagel & Squire); Ligaya T. Hernandez, Michael J. Hynes (Hynes Keller & Hernandez); James S. Notis (Gardy & Notis); Jennifer Sarnelli (Gardy & Notis)
    for defendant: Charles A. Brown, Daniel P. Roeser (Goodwin Procter); William Evans (Goodwin Procter); William M. Jay (Goodwin Procter); Sarah D. Efronson, Rajeev Muttreja (Jones Day); Christopher J. Keale, James H. Keale (Tanenbaum Keale); Theodore V. Wells, Jr., Andrew J. Ehrlich, Alison R. Benedon (Paul Weiss Rifkind Wharton & Garrison); Matthew D. Stachel (Paul Weiss Rifkind Wharton & Garrison)
    Case Number: 22-3027

    Under a De Novo Standard of Appellate Review, District Court Correctly Concluded Shareholders Failed to Demonstrate Lack of Independence of a Majority of the Board