US Court of Appeals issues a favorable decision for Atos in TriZetto litigation
26 Mai 2023 - 8:02AM
US Court of Appeals issues a favorable decision for Atos in
TriZetto litigation
Initial judgment of $570m damages
vacated
Paris, France
– May
26,
2023 – On May
25, 2023, the United States Second Circuit Court of Appeals vacated
a decision by the United States District Court for the Southern
District of New York, as part of Syntel’s ongoing litigation with
Cognizant and its subsidiary TriZetto, finding Syntel, now part of
Atos, liable for damages due to Syntel’s alleged trade secret
misappropriation and copyright infringement. The case began in
2015, before Syntel’s acquisition by Atos in 2018.
In its decision, the Second Circuit held that
the use of the avoided development costs methodology, underlying
the initial $570m damages, was contrary to the law. The Second
Circuit remanded the case to the District Court for further
consideration if any amount of damages are still appropriate.
Atos maintains its assessment, as previously communicated, that
the maximum amount of damages legally available to TriZetto is
approximately $8.5m.
This favorable decision considerably removes uncertainty for
Atos and its stakeholders.
***
About Atos
Atos is a global leader in digital
transformation with 110,000 employees and annual revenue of c. € 11
billion. European number one in cybersecurity, cloud and
high-performance computing, the Group provides tailored end-to-end
solutions for all industries in 69 countries. A pioneer in
decarbonization services and products, Atos is committed to a
secure and decarbonized digital for its clients. Atos is a SE
(Societas Europaea) and listed on Euronext Paris.
The purpose of Atos is to help design the future
of the information space. Its expertise and services support the
development of knowledge, education and research in a multicultural
approach and contribute to the development of scientific and
technological excellence. Across the world, the Group enables its
customers and employees, and members of societies at large to live,
work and develop sustainably, in a safe and secure information
space.
Contacts
Investor relations: Thomas
Guillois | thomas.guillois@atos.net | +33 (0)6 21 34 36 62
Media: Martin Bovo |
martin.bovo@atos.net | +33 (0)6 14 46 79 94
- PR-US Court of Appeals issues a favorable decision for Atos in
TriZetto litigation
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