Tata Consultancy Services (TCS) ordered to pay $194mn in damages in DXC trade secrets case.
AI Summary1 min read
TL;DR
TCS must pay $194 million in damages to DXC in a US trade secrets case. The court vacated an injunction for reassessment, and TCS plans to appeal and defend its position.
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DXC Technology
TCS has been ordered to pay $194 million in damages by a US court in a trade secrets case filed by DXC Technology. The court also vacated an injunction and sent it back for reassessment. TCS plans to evaluate options for a review and appeal, intending to vigorously defend its position. The company will make necessary provisions in its books according to applicable accounting standards.
