TCS
US Court reduces damages against TCS the 2nd time in EPIC Systems case; TCS to appeal again
Mumbai/IBNS: A US appeals court has returned an appeal by Tata Consultancy Service (TCS) in an intellectual property case filed by US software company Epic Systems after slashing the reduced damages to $140 million, said an Economic Times report.
The US Court of Appeals, 7th Circuit, Chicago, reduced the damages while returning a verdict on the appeal filed by TCS, the report informed.
In 2016, the American company won a jury award of $940 million, but in 2017, the Wisconsin court reduced it to $420 million.
However, TCS appealed in a higher court to defend its position as it believed there was no evidence of theft of EPIC's intellectual property by it.
“The Court held that the punitive damages award of $280 million is constitutionally excessive and directed the Trial Court to reassess the punitive damages. The Court upheld the compensatory damages award of $140 million,” TCS said in its filing on the Bombay Stock Exchange after the new development , according to the Economic Times report.
TCS has said it will place its side before the relevant court against the charges of intellectual property threat by EPIC.
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