MUMBAI, Oct 1- India’s top software services exporter Tata Consultancy Services Ltd said on Sunday a U. S. jury had more than halved to $420 million the damages it has to pay to medical software company Epic Systems in a trade secrets lawsuit…
MUMBAI, Oct 1 (Reuters) – India’s top software services exporter Tata Consultancy Services Ltd (TCS) said on Sunday a U. S. jury had more than halved to $420 million the damages it has to pay to medical software company Epic Systems in a trade secrets lawsuit.
In April 2016, the jury in Wisconsin found TCS guilty of illegally accessing Epic Systems’ data when working for a common client and awarded Epic Systems $940 million in damages. (http://reut.rs/2hFQkxc)
TCS, which denied any wrongdoing, said it would continue to contest the order.
« The company has received legal advice to the effect that the order and the reduced damages awarded are not supported by evidence presented during the trial and a strong appeal can be made to superior court to fully set aside the jury verdict, » TCS said in a statement.
The order will not have any impact on the IT services company’s second-quarter results expected later this month, TCS said.
Epic Systems was not immediately available for comment.
For full statement see: http://bit.ly/1t187j0 (Reporting by Abhirup Roy; Editing by Mark Potter)
