Cognizant approves $505,087 payment for CFO Jatin Dalal's settlement with Wipro
Cognizant's compensation committee approved a $505,087 payment on July 2, 2024, covering CFO Jatin Dalal's settlement of a lawsuit and arbitration brought by his former employer, Wipro Limited. The payment includes his settlement payment to Wipro and reimbursement of his legal fees, and the settlement was reached without admission of liability by either party. The filing describes a one-time personnel-related payment and does not indicate any change in financial results or guidance.
Key points
- On July 2, 2024, the compensation committee approved a $505,087 payment to CFO Jatin Dalal.
- The payment settles a lawsuit and arbitration by Wipro over alleged breach of non-compete and confidentiality obligations.
- The payment covers Dalal's settlement payment to Wipro and reimbursement of his legal fees.
- The settlement was reached without admission of liability by either party.
The filing
Written by AI on Nov 8, 2026, 1:10 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 09, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.