Satyam mulling over next move in Upaid case

Satyam mulling over next move in Upaid case

Satyam considering legal options following dismissed appeal in London court

Thursday, May 15, 2008

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HYDERABAD, INDIA: Satyam Computer Services has reacted to a UK court ruling rejecting the Indian IT major's effort to block Upaid Systems Ltd's fraud and forgery claims in a Texas court.

Satyam said that the current decision in the UK court determined the jurisdiction lies in US. The case is expected to be tried in the US in 2009, said the Hyderabad-based IT firm.

"The US case is in a very preliminary stage and has to undergo the due process of law and Satyam is confident that it has merits in this case and would contest the case. It is premature to make any judgment on the quantification of any potential damages and also the matter is subjudice. Satyam is considering its legal options as regards the dismissed appeal in the London courts," said Srinivas Vadlamani, CFO, Satyam Computer Services.

The Courts in London have decided that the case in Texas can continue and be heard based on an earlier Assignment agreement signed by Satyam's then subsidiary and Upaid, said Vadlamani.

Upaid Systems, then known as Intouch Technologies, had engaged Satyam for product development in during 1997-1998. Upaid wanted to patent the product while Satyam provided support.

Some of the then Satyam employees were named as co-inventors to the patents.

The collaboration ended in 2002. As per the settlement agreement signed then, any future disputes were to be tried under the UK laws.

Upaid had filed an infringement case against Satyam in 2006. Two former Satyam employees denied signing the patent assignment documents.

Upaid filed a case against Satyam in Texas in 2007 seeking damages arising out of impairment of patent.

Satyam responded with a petition in London.

©CyberMedia News

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