April 17, 2016 12:57 PM

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US court slaps 940 million dollars fine on two Tata group companies

A US grand jury has slapped two companies of India's Tata group – Tata Consultancy Services (TCS) and Tata America International Corp. – with a 940 million US dollars fine in a trade secret lawsuit filed against them. Accoding to PTI, the jury has asked the Tata firms to pay 240 million dollars to Epic Systems for ripping off its software and also asked to pay 700 million dollars in punitive damages.Epic Systems had accused the two companies of brazenly stealing its trade secrets, confidential information, documents and data. It had filed the lawsuit in the court of Western District Madison in Wisconsin.TCS said, it had received a jury verdict of the recently completed jury trial. Mentioning that there was no IP infringement in the Epic Systems case, it said, it plans to defend its position vigorously in appeals to higher courts. The Mumbai-based organisation said, it remains committed to protecting IP as well as its reputation and financial interests fully.

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