The IT major was slapped having a suit after being charged with stealing trade secrets
The United States District Court for that Western District of Wisconsin has confirmed the $140-million fine against IT major Tata Consultancy Services (TCS) within the dispute against Epic Systems. TCS intentions of appealing the judgment in america Courts of Appeals seventh Circuit Chicago.
“We hereby let you know within the EPIC Systems Corporation matter, the united states District Court for that Western District of Wisconsin passed a purchase lowering the jury award of punitive damages to $140 million and directed the Clerk from the Court to file for the amended judgment accordingly,” the organization disclosed inside a regulatory filing.
This uses a high US court halved the penalty to become compensated through the IT major in the ongoing situation with Epic Systems from $280 million, in August 2021. In October 2014, TCS was slapped having a suit and requested to pay for $940 million to Epic, that was later reduced to $280 million.
The situation story
The problem pertains to an american grand jury order that slapped two Tata group companies – Tata Consultancy Services and Tata America Worldwide Corp – using the fine inside a trade secret-related suit filed against them by Epic Systems. The second had accused the businesses of “brazenly stealing trade secrets, private information, documents and data”.
The United States-based healthcare software company had implemented its healthcare management system within the Kaiser Permanente, a healthcare company. TCS was hired to check the machine implementation. Throughout implementation, TCS employees had restricted use of Epic’s documents. Despite restricted access, Epic Systems alleged that TCS employees used a Kaiser Permanente employee’s credentials to steal over 6,000 documents.
To date, TCS has maintained that there’s no proof of misuse of Epic’s information, which intends to defend its position prior to the appeal court. In the This summer 4 disclosure to SEBI, the organization noted, “TCS is legally advised it has strong arguments in the favour prior to the appeal court and also the order around the punitive damages isn’t based on the details presented by TCS prior to the trial court. We’ve been advised the order and also the judgment when issued is appealable towards the US Courts of Appeals seventh Circuit Chicago.”
