Mumbai, Sept. 1 -- The dispute stems from a case filed by Prysmian Cables and Systems USA against Stephen Szymanski, an employee of Sterlite Technologies Inc (STI), and STI itself in the US District Court, South Carolina. The plaintiff alleged violations of non-compete and confidentiality agreements, claiming that confidential information was disclosed to STI, giving it an unfair competitive advantage.

While STL itself is not a party to the dispute, a jury in August 2024 awarded $200,000 against Szymanski and $96.5 million against STI. On 29 August 2025, the court affirmed this verdict but denied the plaintiff's plea for pre-judgment interest.

STI maintains that the judgment is unsupported by trial evidence and law, and said it will vig...