Hexaware slapped with $500 million patent lawsuit in US court

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Mid-tier IT services company Hexaware Technologies has been hit with a $500 million (approximately Rs 4,400 crore) lawsuit in the United States by American firm Natsoft Corporation and UK-based Updraft, accusing it of patent infringement and unauthorised technology licence usage.

“The complaint has been filed by the Plaintiffs against the Company and its material subsidiary “Hexaware Technologies Inc” in the United States District Court, Northern District of Illinois, Eastern Division for alleged infringement of certain patents and breach of…



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Hexaware slapped with $500 million patent lawsuit in US court



Mid-tier IT services company Hexaware Technologies has been hit with a $500 million (approximately Rs 4,400 crore) lawsuit in the United States by American firm Natsoft Corporation and UK-based Updraft, accusing it of patent infringement and unauthorised technology licence usage.

“The complaint has been filed by the Plaintiffs against the Company and its material subsidiary “Hexaware Technologies Inc” in the United States District Court, Northern District of Illinois, Eastern Division for alleged infringement of certain patents and breach of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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