Cognizant Has Paid $15M in Legal Fees for Ex-Chief Legal Officer Facing Bribery Charges
Now, the company refuses to pay one of the three law firms that represent the former CLO, arguing that its fees are "abusive" and unreasonable.
January 02, 2020 at 04:55 PM
5 minute read
Cognizant Technology Solutions Corp. has paid $15 million in legal fees for its former chief legal officer, Steven Schwartz, who is facing federal charges in a foreign bribery case. But Schwartz is now suing the global tech services company because it cut off payment to one of the three law firms that represent him.
Schwartz alleges in his lawsuit that Cognizant stopped paying advancements to the New York-based Bohrer law firm shortly before Thanksgiving, after having previously paid the firm's invoices from June 2018 through September 2019. Cognizant disclosed in a court filing that it advanced $8.36 million in fees to Bohrer before stopping payment in November.
Schwartz and Cognizant ex-president Gordon Coburn face criminal charges for allegedly authorizing a building contractor to pay more than $3.6 million in bribes to a government official in India and attempting to hide the illicit payments.
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