US Jury Slaps $940 Million Fine on Tata in Trade Secret Case, TCS Denies Wrongdoing

A US grand jury has slapped two companies of India’s Tata group -Tata Consultancy Services(TCS) and Tata America International Corp. with a USD 940 million fine in a trade secret lawsuit filed against them.

After days of hearing, the federal grand jury in the US State of Wisconsin ruled that Tata Consultancy Services Ltd. and Tata America International Corp. must pay USD 240 million to Epic Systems for allegedly ripping off its software. Tatas have also been asked to pay another USD 700 million in punitive damages. 

TCS, which is India’s largest software services firm, stated there was no IP infringement in the Epic Systems case and said it plans to “defend its position vigorously in appeals to higher courts”. The Mumbai-based firm said it remains committed to protecting IP as well as its reputation and financial interests fully. Epic Systems had accused TCS and Tata America International Corp, in a lawsuit filed in October, 2014 in US .

About Tata Consultancy Services Limited:

Tata Consultancy Services Limited (TCS) is an Indian multinational information technology (IT) service, consulting and business solutions company headquartered in Mumbai, Maharashtra. It is a subsidiary of the Tata Group and operates in 46 countries. TCS is one of the largest Indian companies by market capitalization ($80 billion). TCS is now placed among the ‘Big 4’ most valuable IT services brands worldwide. In 2015, TCS is ranked 64th overall in the Forbes World’s Most Innovative Companies ranking, making it both the highest-ranked IT services company and the first Indian company. It is the world’s 10th largest IT services provider, measured by the revenues. As of December 2015, it is ranked 10th on the Fortune India 500 list.

CEO TCS – Natarajan Chandrasekaran

So lets do:
1. Who is the CEO TCS?
2. US Jury Slaps _______ Million Fine on Tata in Trade Secret Case, TCS Denies Wrongdoing.

Source – The Hindu


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