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TCS slapped $940 mn notice by US jury

TCS slapped $940 mn notice by US jury

India Blooms News Service | 17 Apr 2016, 05:07 am
Mumbai, Apr 16 (IBNS): After a $940 million fine was slapped by a US jury on Tata Consultancy Services and Tata America International Corp in connection with a trade secret lawsuit filed in 2014, the company on Saturday said it will defend its position.

Tata Consultancy Services, which is a leading global IT services, consulting and business solutions organization, today announced that it had received a jury verdict in a recently completed jury trial in a lawsuit filed by Epic Systems in the court of Western District Madison, Wisconsin.

"It is expected that the trial judgment will be entered in the case in the next six to eight weeks, following which the parties can file an appeal within 30 days after the judgment is filed," read a statement issued by TCS.

"While TCS respects the legal process, the jury’s verdict on liability and damages was unexpected as the Company believes they are unsupported by the evidence presented during the trial," the company said.

"The Company did not misuse or derive any benefit from downloaded documents from Epic System’s user-web portal. TCS plans to defend its position vigorously in appeals to higher courts. TCS appreciates the trial judge’s announcement from the bench that he is almost certain he will reduce the damages award," it said.

"TCS did not misuse or benefit from any of the said information for development of its own hospital management system 'Med Mantra’ which was implemented for a large hospital chain in India in 2009," it said.

The company said the Jury verdict wi

TCS slapped $940 mn notice by US jury

India Blooms News Service
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