SEC Dropping Bribery Case Against Former Cognizant Executives

The US Securities and Exchange Commission moved to dismiss a long-running bribery case against two former executives of Cognizant Technology Solutions Corp., the latest sign of the Trump administration’s shift away from enforcing the Foreign Corrupt Practices Act.

The regulator and the two former executives — Gordon Coburn and Steven Schwartz — filed a joint motion Tuesday in New Jersey federal court to drop the case. The filing calls for dismissing the case with prejudice, meaning it can’t be refiled.

The SEC’s decision to seek dismissal of this action “does not necessarily reflect the commission’s position on any other ...