Hexaware Technologies Ltd has firmly denied all allegations in a $500 million lawsuit filed by US-based Natsoft Corporation and Updraft LLC. The company stated that it expects no material financial or operational impact from the case, which involves claims of patent infringement and contract breach.
Hexaware Technologies Ltd is facing a high-stakes legal battle in the United States after Natsoft Corporation and Updraft LLC filed a $500 million lawsuit in the Illinois District Court. The plaintiffs allege that Hexaware and its US subsidiary infringed multiple patents and violated contractual terms related to AI platforms including RapidX, Amaze, and Tensai.
In an official statement, Hexaware categorically denied all allegations and emphasized that the claims are without merit. The company added that it is fully cooperating with legal counsel and believes the lawsuit will not have any material impact on its financials or operations.
The case has drawn attention due to its scale and the involvement of proprietary AI technologies, underscoring the growing legal complexities in the tech sector.
Key Highlights:
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Lawsuit Filed: $500 million suit by Natsoft and Updraft in US court
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Allegations: Patent infringement and breach of contract tied to AI platforms
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Hexaware’s Response: Denies all claims and expects no material impact
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Legal Status: Case filed in Illinois District Court; proceedings underway
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Business Continuity: Operations and client services remain unaffected
Hexaware has reiterated its commitment to ethical innovation and legal compliance as it prepares to defend its position in court.
Sources: Economic Times, The Hindu BusinessLine, AnalystIP