Cognizant sued by Syntel unit following TriZetto acquisition

Reuters News
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Posted: Jan 13, 2015 12:58 PM

NEW YORK (Reuters) - 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.

The lawsuit followed Cognizant's acquisition last year of TriZetto for $2.7 billion from London-based private equity firm Apax Partners LLP.

(Reporting by Nate Raymond in New York; Editing by Bernard Orr)