US Court Slashes Fine On TCS To $420 Million In Epic Systems Case

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Tata Consultancy Services (TCS), the IT major, last week claimed that a US court has reduced more than 2x the punitive and compensatory damages asked from the firm to almost $420 Million in a court case filed by Epic Systems Corporation.

The issue associates to a US grand jury order that smacked 2 Tata group firms, Tata America International Corp and Tata Consultancy Services, with a fine of almost $940 Million in a trade secret court case filed in opposition to them in April 2016 by Epic. TCS claimed that an order and opinion have been subjected by the Western District Court of Wisconsin, USA in the case filed against the company by Epic Systems Corporation.

US Court Slashes Fine On TCS To $420 Million In Epic Systems Case

“Partly giving TCS motion, the court considerably lowered the punitive and compensatory damages of $940 Million rewarded in April 2016 by the July judgment, to $420 Million,” TCS claimed in a regulatory case issued this week. The Mumbai-located IT giant claimed that it has got a lawful advice that the order and the lowered damages prized are not backed by proof presented at the time of the trial and a sturdy petition can be made to superior court to completely leave behind the verdict by the jury.

Epic had blamed Tata America International Corp and TCS, in a court case filed in US District Court in Madison in October, 2014 which was altered in December 2015, and before that in January 2015, for brazenly stealing confidential information, trade secrets, data, and documents belonging to Epic. In April 2016 the Wisconsin court had ruled the 2 Tata group firms to give $240 Million to Epic Systems for supposedly ripping off its software, in addition to the $700 Million as a form of punitive damages.

“The firm did not derive or misuse any advantage from plans and documents of Epic to protect its place vigorously in appeal as well as in front of the trail judge,” TCS claimed in the filing. TCS claimed that the order will not have any effect on quarter two monetary results anticipated next month. As an organization, TCS remains pledged to protecting and respecting proprietary data as well as its status, it claimed.