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The US Supreme Court has rejected a petition by Tata Consultancy Services Ltd (TCS) to file an appeal against the orders passed by the US Court of Appeals, which confirmed the punitive damages award of US$140mn (million) passed by the district court of Wisconsin.
Tata Consultancy Services (TCS) on Tuesday said it would make a $125 million provision in its third-quarter results in relation to a trade secret lawsuit filed by US-based Epic Systems.
The lawsuit which dates back to 2014, accused TCS employees of stealing 6,000 pieces of important data containing system development information from Epic Systems by setting up a fake user account.
Tata Consultancy Services says it will make a provision of $125 million in third quarter results in relation to a 2016 trade secret lawsuit filed against the company by US-based EPIC Systems
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