TCS pays Orange County $26 million to settle a lawsuit

Tata Consultancy Services and its US affiliate settled Orange County lawsuit for $26 million.

The US county TCS and its US affiliate paid the County USD 26 million to settle litigation over a failed replacement.

"TCS and Orange County have agreed to settle an ongoing dispute regarding the joint development of a Property Tax Management System," a TCS spokesperson said.

"The settlement was reached after a mediation conducted by Magistrate Judge Jay C. Gandhi, representing a compromise between the two parties, versus the prospect of a lengthy trial in Orange County," the spokesperson said.

The county in the US state of California said that on August 19, 2016, it received notification that the USD 26 million settlement payment from Tata had been wired to the County Treasurer-Tax Collector.

In exchange for this payment, the county will now dismiss its lawsuit against Tata, which in turn will dismiss its cross complaint, it added.