March 2017 Current Affairs
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US court slaps 940 million dollars fine on two Tata group companies

US court slaps 940 million dollars fine on two Tata group companies
18 April 2016 Current Affairs: The federal grand jury in the US State of Wisconsin has slapped 940 million US dollars fine against two companies of India’s Tata group – Tata Consultancy Services (TCS) and Tata America International Corp. They were fined in a trade secret lawsuit filed against them by the US based electronics medical records vendor Epic Systems. The jury verdict has directed two companies of India’s Tata group to pay 240 million dollars to Epic Systems for ripping off its software and pay 700 million dollars in punitive damages. Epic Systems had accused the two companies of brazenly stealing its trade secrets, confidential information, documents and data. The US based company in its lawsuit has alleged that TCS employee reviewed its intellectual property under the pretence of doing consulting work for Kaiser Permanente, the largest managed health care company in the US and in doing so downloaded Epic’s proprietary software to help build a rival system. Epic Systems as an electronics medical records vendor builds software for healthcare companies to manage billing, insurance benefits management and referral services.

 


March 2017 Current affairs
25 MAR
NEWS
24 MAR
NEWS
23 MAR
NEWS
22 MAR
NEWS
21 MAR
NEWS

February 2017 Current affairs
28 FEB
NEWS
27 FEB
NEWS
25 FEB
NEWS
24 FEB
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23 FEB
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22 FEB
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January 2017 Current affairs
31 JAN
NEWS
30 JAN
NEWS
28 JAN
NEWS
27 JAN
NEWS
25 JAN
NEWS
24 JAN
NEWS

December 2016 Current affairs
31 DEC
NEWS
30 DEC
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29 DEC
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28 DEC
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27 DEC
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26 DEC
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November 2016 Current affairs
30 NOV
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29 NOV
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28 NOV
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26 NOV
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25 NOV
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24 NOV
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