US court trims fine on TCS to $420 million

India’s largest IT and software major TCS on Sunday said that a US court has more than halved the compensatory and punitive damages demanded from the company to $420 million in a lawsuit filed by Epic Systems Corporation.

The matter relates to a US grand jury order that slapped two Tata group companies -- Tata Consultancy Services and Tata America International Corp -- with a $940 million fine in a trade secret lawsuit filed against them by Epic in April 2016.

TCS said that an opinion and order has been issued by the Western District Court of Wisconsin, USA, in the suit filed by Epic Systems Corporation against the company.

TCS said that the order will not have any impact on its second quarter financial results expected on October 12, 2017.

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