Multi-National Technology Corp. Asks Chancery Court To Offset Ex-CLO’s Legal Expenses

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This is the case of Schwartz v. Cognizant Technology Solutions Corp., Case number 2021-0634, filed in the Court of Chancery of the State of Delaware.

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Cognizant is an American multinational information technology services and consulting company headquartered in New Jersey. Steven E. Schwartz is the former chief legal officer of Cognizant, who has been embroiled in criminal and civil litigation in recent years.

On Thursday, Schwartz pushed back on Cognizant’s request that he cover his own legal fees relating to the lawsuit he filed in Delaware’s Court of Chancery, wherein he accused Cognizant of intentionally disrupting his ability to prepare for his criminal trial set in March 2023.

Schwartz filed a lawsuit against Cognizant in Delaware in July 2021 asking the court to prevent Cognizant from prosecuting a case against him in New York related to his legal defense costs in several civil and criminal cases. According to Cognizant, under its bylaws and an indemnification agreement with Schwartz, it has been paying nearly all of his legal expenses since 2019.