IT Company's Bill for Post-Judgment Interest Grows by $6M, 7th Circuit Rules

An IT company has to cough up an additional $6 million in post-judgment interest after the U.S. Court of Appeals for the Seventh Circuit determined interest on a $140 punitive damages award started to accrue on the date of the first of two monetary judgments.

On Wednesday , the appellate court reversed a decision by the U.S. District Court for the Western District of Wisconsin, which ruled that post-judgment interest started accruing against defendants Tata Consultancy Services Ltd. in 2022, when a $280 million punitive damages award from 2017 was reduced by half. The court entered the initial judgment in favor of the healthcare software company, Epic Systems Corp., in 2017 after a jury found Tata Consultancy liable for stealing and using commercially valuable, unauthorized confidenti