Security News > 2020 > October > French services outfit Atos told to pay $855m in trade secret pinching case

French services outfit Atos has been ordered to pay $855m for pinching a rival's trade secrets.

The source of the case is Syntel, an automation outfit that Atos acquired for $3.4bn back in 2018.

Atos bought Syntel despite knowing it was embroiled in a dispute with a company called TriZetto, which provides healthcare services and software.

Atos quickly emitted a statement that declares the decision a dud on grounds that "The jury's verdict is not supported by the evidence presented during the trial or the applicable law." Atos also reckons that the damages are "Grossly out of proportion to the acts complained of."

The Register imagines Atos will be rather keen to have the damages reduced, because the $855m order represents rather a substantial chunk of €11,588 million annual revenue from 2019.

News URL

https://go.theregister.com/feed/www.theregister.com/2020/10/29/atos_syntel_trizetto_verdict/