KPIT Technologies update on lawsuit filed by Copart

In an update to the lawsuit filed by Copart Inc. (Copart) against Sparta Consulting Inc. (Sparta), KPIT Infosystems Inc. and KPIT Technologies, the company announced that post the jury verdict, both Sparta and Copart raised several issues for the Court. The Court has given a ruling on some of the issues, as a result of which Sparta's net liability has been reduced from approximately $16M to approximately $8M. The ruling on other issues is still awaited. Sparta would have a further right to appeal the Court's Order

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