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Tata Consultancy Services faces legal setback as US Court upholds $194 million damages case
MINT· 2025-11-24 04:40
Core Viewpoint - Tata Consultancy Services (TCS) faced a ruling from the US Court of Appeals for the Fifth Circuit, which upheld a previous damages decision amounting to $194 million in a trade secrets dispute with Computer Sciences Corporation (CSC), now part of DXC Technology Company [1][3]. Group 1: Court Ruling and Damages - The Appeals Court confirmed the District Court's decision on damages, which includes $56,151,583 in compensatory damages and $112,303,166 in exemplary damages [5]. - Additionally, TCS is liable for $25,773,576 in prejudgment interest as of June 13, 2024 [5]. - The court vacated an earlier injunction and instructed the District Court to reassess the injunction order based on the Appeals Court's guidance [2][3]. Group 2: Company Response and Future Actions - TCS stated that the judgment will not adversely impact its financials or operations and plans to make necessary provisions in its financial statements [5][6]. - The company is exploring options for review and appeal before appropriate courts to defend its position [6].