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Wipro suit against former CFO goes to arbitration (The Indian Express)

05 January 2024

A lawsuit by India-based Wipro Ltd. (NYSE: WIT) against its former CFO, Jatin Dalal, following his move to rival IT services giant Cognizant Technology Solutions Corp (NASDAQ: CTSH) has been referred to arbitration by the court, The Indian Express reported yesterday. The suit alleged Dalal violated his noncompete clause when he moved, according to the report. Cognizant had announced in September 2023 that Dalal would join it as CFO. SIA has reached out to Wipro and Dalal for comment.