TCS Liable for Paying $140 Million to EPIC Systems as Punitive Damage: US Court
Tata Consultancy Services (TCS) is upheld for punitive damages of $140 million by the US Court of Appeals. Reportedly, the case against TCS was filed by the US firm EPIC Systems Corporation in 2014. The court records say, EPIC accused TCS of "brazenly stealing" confidential information to help its competitor. However, TCS claimed that there is no evidence of information misuse, and it will fight against the verdict.