Cognizant Inks $2.8M Deal To End 401(k) Fees Suit

By George Woolston · September 30, 2026, 3:32 PM EDT

Information technology company Cognizant Technology Solutions U.S. Corp. will pay $2.8 million to resolve former employees' claims that it saddled its 401(k) plan with poor investment options and high fees, according...

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Case Information

Case Title

MILANO et al v. COGNIZANT TECHNOLOGY SOLUTIONS U.S. CORPORATION et al

Case Number

2:20-cv-17793

Court

New Jersey

Nature of Suit

Labor: E.R.I.S.A.

Date Filed

December 02, 2020