Coforge gets $11 million notice from client over data breach

IT firm Coforge got a second supplementary notice from a North American client claiming an amount that would go up to more than $11 million, said the firm in a late night exchange filing on Tuesday.

The IT firm said in its filing that it has received a second supplementary notice of indemnification from a client claiming indemnity for an amount of $7,597,780 for the in-principle settlements that the client has reached with certain arbitration claimants concerning demands for arbitration of claims related to the alleged data breach. It also said that there is potentially an additional amount of $4,276,800 for settling demands by certain additional claimants with whom client has not yet reached an agreement in principle.