US Supreme Court rejects TCS appeal against $140 mn punitive damages order, ET LegalWorld | Court Practice News

United States Supreme Court has rejected Tata Consultancy Services appeal against a USD 140 million punitive damages order passed by a district court, the company said on Tuesday. The District Court of Wisconsin has awarded USD 140 million damages in favour of Epic Systems Corporation which alleged that TCS infringed its intellectual property for the development of hospital management system ‘Med Mantra’ which was implemented for a large hospital chain in India in 2009.

“…in the EPIC Systems Corporation matter, the United States Supreme Court on November 20, 2023, rejected the Company’s petition to file an appeal against the orders passed by the US Court of Appeals, 7th Circuit, which confirmed the punitive damages award of USD 140 million passed by the District Court of Wisconsin,” TCS said in a regulatory filing.

Epic had alleged that TCS misused documents downloaded from Epic System’s user-web portal.

TCS said that following the US Supreme Court order, the company intends to make the balance provision of approximately USD 125 million in its financial statements as an exceptional item, for the third quarter and nine months ending December 31, 2023.

TCS shares closed 0.26 per cent lower at Rs 3,510.30 on BSE.

  • Published On Nov 21, 2023 at 07:34 PM IST

Join the community of 2M+ industry professionals

Subscribe to our newsletter to get latest insights & analysis.

Download ETLegalWorld App

  • Get Realtime updates
  • Save your favourite articles

Scan to download App

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

EU antitrust regulators raid online food delivery companies, probe no poach deals, ET LegalWorld | Court Practice News

Tue Nov 21 , 2023
EU regulators on Tuesday raided several online food delivery companies in two EU countries on concerns that they may have breached EU rules against cartels, with the focus also on their no poach agreements. The European Commission, which did not name the companies nor the EU countries, said the ongoing […]

You May Like

Breaking News