On October 27, 2020, a jury in the United States District Court for the Southern District of New York found Syntel, now part of Atos, liable for trade secret misappropriation and copyright infringement and specified an amount of damages due to Cognizant and its subsidiary TriZetto of approximately $855 million in damages. The case started in 2015 between Syntel and TriZetto and predated the 2018 acquisition of Syntel by Atos.
Atos has already filed a motion challenging the validity of TriZetto's claims and will immediately seek to file a further motion to overturn the verdict. These motions will be decided by the Judge presiding over the case. If these motions were denied, Atos would have the right to appeal. Atos considers that the jury's verdict is not supported by the evidence presented during the trial or the applicable law. In addition, Atos considers the amount of damages grossly out of proportion to the acts complained of.
As Atos argued at trial, the maximum amount of damages legally available to TriZetto in this case is approximately $8.5 million. Atos confirms this position.
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Contacts
Investor Relations:
Gilles Arditti - +33 1 73 26 00 66 - gilles.arditti@atos.net
Press:
Sylvie Raybaud - +33 6 95 91 96 71 - sylvie.raybaud@atos.net
About Atos
Atos is a global leader in digital transformation with 110,000 employees in 73 countries and annual revenue of € 12 billion. European number one in Cloud, Cybersecurity and High-Performance Computing, the Group provides end-to-end Orchestrated Hybrid Cloud, Big Data, Business Applications and Digital Workplace solutions. The Group is the Worldwide Information Technology Partner for the Olympic & Paralympic Games and operates under the brands Atos, Atos|Syntel, and Unify. Atos is a SE (SocietasEuropaea), listed on the CAC40 Paris stock index.
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.
Attachment
- Atos - Statement from Atos (https://ml-eu.globenewswire.com/Resource/Download/a82b0c27-bcd3-45ba-ac61-9d8a72fa0406)
