US court held punitive damages award of $280 mn in Epic Systems case as excessive: TCS

"In the EPIC Systems Corporation matter, the US Court of Appeals, 7th Circuit, Chicago, returned a verdict on the appeal filed by TCS, reducing the damages award. "The Court held that the punitive damages award of USD 280 million is constitutionally excessive and directed the Trial Court to reassess the punitive damages," TCS said in a regulatory filing.

from Tech-Economic Times https://ift.tt/3l5o03G