TCS wins respite in US case

Tata Consultancy Services on Friday said a US Court of Appeals has held that the punitive damages award of $280 million (around Rs 2,098 crore) on the Indian IT major in an intellectual property rights case with Epic Systems was “constitutionally excessive”.

“In the Epic Systems Corporation matter, the US Court of Appeals, 7th Circuit, Chicago, returned a verdict on the appeal filed by TCS, reducing the damages award.

“The court held that the punitive damages award of $280 million is constitutionally excessive and directed the Trial Court to reassess the punitive damages,” Tata Consultancy Services (TCS) said in a regulatory filing.