SEC's Cognizant Bribe Suit Paused Amid Criminal Case

Law360 (November 15, 2019, 4:43 PM EST) -- A New Jersey federal judge cited the risk of conflicting rulings in pausing a U.S. Securities and Exchange Commission suit against the former president and chief legal officer of Cognizant Technology Solutions Corp. over an alleged bribery scheme until a related criminal case is resolved.

On Thursday, U.S. Magistrate Judge Michael A. Hammer granted a bid by federal prosecutors to stay the SEC action against former President Gordon Coburn and former Chief Legal Officer Steven E. Schwartz pending the resolution of their criminal charges. Either party could seek to modify or lift the stay as circumstances change, the judge said....

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