Edition:
India

U.S. Court Of Appeals Upholds $140 Mln Compensatory Damages Award In TCS-Epic Systems Matter


Friday, 21 Aug 2020 

Aug 21 (Reuters) - Tata Consultancy Services Ltd ::US COURT OF APPEALS RETURNED VERDICT ON APPEAL FILED BY CO IN EPIC SYSTEMS CORPORATION MATTER.COURT HELD THAT PUNITIVE DAMAGES AWARD OF $280 MILLION IS "CONSTITUTIONALLY EXCESSIVE".COURT DIRECTED TRIAL COURT TO REASSESS PUNITIVE DAMAGES.COURT UPHELD COMPENSATORY DAMAGES AWARD OF $140 MLN.CO "EXPLORING OPTIONS AVAILABLE TO IT".BELIEVES "THERE IS NO EVIDENCE OF MISUSE OF EPIC INFORMATION" BY CO.