Cognizant Technology Solutions Corp and the healthcare IT services provider it recently acquired have been sued by a unit of competitor Syntel Inc for allegedly interfering with a contract and misappropriating confidential information. In a lawsuit filed Monday, Syntel Sterling Best Shores Mauritius Limited sought $3.4 million from the IT provider, TriZetto, and $6.1 billion in punitive damages based on Cognizant's net worth.
Cognizant Technology Solutions Corporation (Cognizant) is a provider of custom information technology, consulting and business process outsourcing services. Shares of CTSH traded higher by 1.37% or $0.7399/share to $54.89. In the past year, the shares have traded as low as $41.51 and as high as $54.89. On average, 4330200 shares of CTSH exchange hands on a given day and today's volume is recorded at 1621470.
Syntel, Inc. is a provider of information technology (IT) and knowledge process outsourcing (KPO) services to Global 2000 companies. Shares of SYNT traded higher by 1.19% or $0.54/share to $45.86. In the past year, the shares have traded as low as $38.26 and as high as $48.62. On average, 200606 shares of SYNT exchange hands on a given day and today's volume is recorded at 34534.
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