TCS to set aside additional $70 million after US Supreme Court rejects appeal in DXC Trade Secrets Case

Tata Consultancy Services (TCS) will set aside an additional $70 million after the US Supreme Court declined to review its appeal in a long-running trade secrets dispute involving DXC Technology (formerly Computer Sciences Corporation).

The development follows the US Supreme Court’s decision to reject TCS’s petition challenging a lower court ruling that upheld a $168 million damages award in favour of DXC in a case related to alleged misappropriation of proprietary life-insurance software.