HomeAmericasBusinessTexas Court Tells TCS To Pay $210 Million In Trade Secret Case

Texas Court Tells TCS To Pay $210 Million In Trade Secret Case

Texas Court Tells TCS To Pay $210 Million In Trade Secret Case

DALLAS, TX (IANS) – Indian tech giant TCS has been asked by a jury in Dallas, Texas Federal court, to pay $210 million to US IT Services Firm DXC (formerly CSC) for alleged misappropriation of source code to develop TCS Bancs, its software platform.

The jury explained that by infringing upon CSC’s proprietary platforms, TCS had accessed a trade secret. However, TCS had maintained that it respectfully disagreed with the jury’s advisory verdict.

It further stated that the matter would be decided by the court. It had ordered further briefing from parties.

The jury maintained that TCS had willfully and maliciously misappropriated both source and confidential documentation by improper means.

The lawsuit in this regard was filed in 2019. It was alleged that TCS allegedly stole DXC’s trade secrets to develop competing life insurance software.

Further, it was alleged that TCS misused confidential information about DXC’s Vantage-One and Cyberlife software for managing life insurance and annuity policies to create its own platform.

It charged that the employees of TCS assigned to develop the Bancs platform faced challenges in finding solutions for calculating a rate of return in a particular insurance context.

It further alleged that TCS employees copy-pasted DXC’s source code when they faced difficulties developing their own software.

The lawsuit has also provided exchanged emails between TCS employees that they found a solution in the Vantage software.

Later, a TCS employee allegedly copied and pasted the actual Vantage source code pertaining to this calculation, and resulting Vantage calculations, into an email and sent it to his TCS colleagues.

This comes as a setback for TCS, as the US Supreme Court confirmed a punitive damages award of $140 million in Epic Systems case for unauthorized access of its web portal previously.

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  • Asians are good in dishonesty, here or in their own countries, they have tendency of stealing for their own benefits.
    It seems Asians lack the DNA of honesty in their blood.

    November 27, 2023
    • It seems like you are ignorant. Did not you hear recently that Thread copied Twitter code. From your standard all whites lack honesty in their blood :).

      November 27, 2023

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