TCS Sets Aside Rs 2,745 Crore As Contingent Liability In Epic Case

New Delhi: Tata Consultancy Services (TCS) today said it has set aside Rs 2,745 crore (USD 420 million) as contingent liability following the reduced damages pronounced by a US court in its legal tussle with Epic Systems Corporation. The company, in a regulatory filing, asserted that it has received legal advice that the order and the reduced damages awarded "are not supported by evidence presented during the trial and a strong appe...