TCS: U.S. court held damages as ‘excessive’
Tata Consultancy Services on Friday said a U.S. Court of Appeals had held that the punitive damages award of $280 million on the Indian company in an intellectual property rights case with Epic Systems was ‘constitutionally excessive’.
The Court had however, upheld the compensatory damages award of $140 million, TCS added.
“TCS is exploring the options available to it,” the IT major said.
The matter relates to a U.S. grand jury order that slapped two Tata companies — TCS and Tata America International — with a $940 million fine in a trade secret lawsuit filed against them by Epic in 2016.