The order has been handed in opposition to the corporate in a case filed by Laptop Sciences Company. (File)
New Delhi:
A US court docket has dominated that Tata Consultancy Providers is accountable for misappropriation of commerce secrets and techniques and levied penal fees of round USD 194 million on the IT main, a regulatory submitting mentioned on Friday.
TCS, nonetheless, mentioned it has robust arguments in opposition to the judgement and is taking crucial steps to guard its curiosity by evaluate or attraction.
The order has been handed in opposition to the corporate in a case filed by Laptop Sciences Company (CSC) — now merged with DXC Know-how Firm (DXC) — alleging misappropriation of its commerce secrets and techniques earlier than United States District Court docket, Northern District of Texas, Dallas Division.
“The court docket ordered that the corporate is liable to CSC for USD 56,151,583 in compensatory damages and USD 112,303,166 in exemplary damages. The court docket additionally assessed that the corporate is accountable for USD 25,773,576.60 in prejudgment curiosity by June 13, 2024,” the IT main mentioned within the submitting.
The court docket additionally handed sure injunctions and different reliefs in opposition to TCS, it added.
“The corporate believes that the Judgement has no main antagonistic influence on its financials and operations,” the submitting mentioned.
(Apart from the headline, this story has not been edited by NDTV workers and is revealed from a syndicated feed.)
