India’s largest IT firm Tata Consultancy Services Ltd paid Orange County, California, $26 million to settle a lawsuit.
TCS and Orange County have agreed to settle an ongoing dispute regarding the joint development of a Property Tax Management System.
Tata Consultancy Services and its US affiliate have paid the County USD 26 million to settle litigation over a failed replacement to the County’s automated property tax system that initially was to have been completed in 2010 but was never delivered.
The county said that it received notification that the $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.