Tata Cuts Nine-Figure Trade Secret Verdict by $42 Million (1)

Tata Consultancy Services Ltd. owes a DXC Technology Co. unit $168.5 million in damages for misappropriating trade secrets, plus $25.8 million in prejudgment interest, following a November jury verdict, a Texas federal judge ruled.

Judge Brantley Starr of the US District Court for the Northern District of Texas entered final judgment Thursday, decreasing the jury’s $210 million award against TCS for willful and malicious appropriation of Computer Sciences Corp.’s confidential information involving two insurance software platforms.

The judge ruled TCS must pay the prejudgment interest, an annual rate of 4.82% for post-judgment interest, and CSC’s costs and attorney’s fees in ...