Earlier today, Judge Michael Farbiarz (D.N.J.) ordered dismissal of the DOJ’s FCPA enforcement action against Steven Schwartz (former Executive Vice President, Chief Legal and Corporate Affairs Officer at Cognizant Technology Solutions) and Gordon Coburn (former President of Cognizant).
The following statement is from Steven Goldberg, a spokesperson for Schwartz.
“Steven Schwartz is pleased and relieved that this case is finally over. As we have maintained all along, he is innocent, and these charges should never have been brought. This matter has consumed his life for almost nine years, cost him so much personally and professionally, and has been an incredibly painful experience for him and his family. He is very thankful to all who assisted and stood by him throughout. Mr. Schwartz is looking forward to moving on and devoting his time and attention to the philanthropic causes he cares deeply about and helping early stage companies grow and create job opportunities.”