Wipro Ltd. Says It Will Defend $140 Million Lawsuit From National Grid US
By Oliver Griffin
India-based technology services company Wipro Ltd. (WIT) said Friday that it will vigorously contest a lawsuit filed by National Grid US seeking damages of $140 million, plus additional costs, in relation to a project dating back to 2009.
Wipro said it believed that allegations made by National Grid US--the American arm of the U.K.'s National Grid PLC (NG.LN)--were baseless and accused the company of misstating facts.
The technology services company said that it had provided services with skill and care, adding that it had received a reward relating to the project in 2014.
Wipro said that any financial implication of the lawsuit, which was filed in New York, will depend on the final judgment.
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(END) Dow Jones Newswires
December 01, 2017 10:40 ET (15:40 GMT)Copyright (c) 2017 Dow Jones & Company, Inc.