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TCS likely to contest USD420m fine in IP theft case

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TCS likely to contest USD420m fine in IP theft case
« on: October 04, 2017, 04:11:26 PM »
TCS likely to contest USD420m fine in IP theft case

Tata Consultancy Services (TCS) said a US court has issued an order that more than halved the USD940m jury award granted to EPIC Systems, which had accused the Indian IT company of stealing its trade secrets. The Western District Court of Wisconsin issued an order reducing the USD940m awarded to the US healthcare software firm to USD420m.Still, the Mumbai-headquartered IT major said it has received legal advice that the order, and the reduced damages awarded, are not supported by evidence presented during the trial, and a strong appeal can be made to a superior court to fully set aside the jury verdict.

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