New Delhi: United States Supreme Court The company on Tuesday said it has rejected Tata Consultancy Services’ appeal against the US$140 million punitive damages order passed by the district court. The District Court of Wisconsin has awarded US$140 million in damages in its favor epic system The allegation made by the corporation tcs Infringed its intellectual property for the development of the hospital management system ‘Med Mantra’, which was implemented for a large hospital chain in India in 2009.
“…In epic In the Systems Corporation case, the Supreme Court of the United States on November 20, 2023 rejected the company’s petition to file an appeal against the orders passed by the US Court of Appeals, 7th Circuit, which awarded punitive damages award of USD 140 million. Was confirmed. District Court of Wisconsin,” TCS said in a regulatory filing.
Epic had alleged that TCS misused documents downloaded from the user-web portal of the Epic system.
TCS said that following the US Supreme Court order, the company intends to make the remaining provision of approximately USD 125 million as an extraordinary item in its financial statements for the third quarter and nine months ending December 31, 2023. Is.
TCS shares closed 0.26 per cent lower at Rs 3,510.30 on BSE.
“…In epic In the Systems Corporation case, the Supreme Court of the United States on November 20, 2023 rejected the company’s petition to file an appeal against the orders passed by the US Court of Appeals, 7th Circuit, which awarded punitive damages award of USD 140 million. Was confirmed. District Court of Wisconsin,” TCS said in a regulatory filing.
Epic had alleged that TCS misused documents downloaded from the user-web portal of the Epic system.
TCS said that following the US Supreme Court order, the company intends to make the remaining provision of approximately USD 125 million as an extraordinary item in its financial statements for the third quarter and nine months ending December 31, 2023. Is.
TCS shares closed 0.26 per cent lower at Rs 3,510.30 on BSE.
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