US court upholds $194 million damages award against TCS in trade secrets case

In a setback to Tata Consultancy Services Ltd. (TCS), the company informed the exchanges that it has received an adverse ruling from a US appeals court, which has upheld nearly $194 million damages award against the Indian IT giant in a long-running trade secrets lawsuit.

The case, filed by Computer Sciences Corporation (CSC), now part of DXC Technology Company, alleged that TCS misappropriated its trade secrets.