According to a U.S. jury in a lawsuit, TCS stole trade secrets from competitor DXC Technology. The Indian company awaits a fine of $210 million, or nearly 192 million euros, as a result.
The case has been ongoing for several years. DXC predecessor Computer Sciences Corp filed a lawsuit in 2019. According to Computer Sciences Corp, it had licensed its software to Transamerica subsidiary Money Services Inc. But according to the lawsuit, TCS had hired 2,200 Transamerica employees in 2018. TCS then allegedly abused the employees’ access to Computer Sciences Corp’s software. The knowledge of source code and confidential information would have been misused by TCS to build a competing life insurance platform.
In dealing with the U.S. trial, the jury ultimately concluded that TCS did indeed misuse confidential information about DXC software Vantage-One and CyberLife to build the platform. Therefore, the jury finds that TCS owes DXC $70 million for misappropriation of trade secrets. The jury also faces a $140 million fine because the misuse was “willful and malicious.”
TCS refuted the allegations. “TCS respectfully disagrees with the jury’s advisory verdict. The matter will now be decided by the Court, which has ordered further briefing from the parties. We plan to continue to litigate this ongoing case. We will have no further comment as the case remains pending,” a spokesperson told The Economic Times.
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