Court trims fine on TCS to $420m in Epic Systems suit

New Delhi: IT major TCS on Monday said a US court has more than halved the compensatory and punitive damages demanded from the company to $420 million in a lawsuit filed by Epic Systems Corporation. The matter relates to a US grand jury order that slapped two Tata group companies — TCS and Tata America International Corp —with a $940 million fine in a trade secret lawsuit filed against them by Epic in April 2016.  Epic had accused TCS and Tata America International Corp, in a lawsuit filed in October, 2014 in US District Court in Madison which was amended in January and December 2015, of “brazenly stealing trade secrets, confidential information, documents and data” belonging to Epic.  PTI