The United States Court of Appeals for the Fifth Circuit affirmed a district court's confirmation of an arbitration award in favor of Kemper Corporate Services Inc. against Computer Sciences Corp.
Kemper Corporate Services is a subsidiary of Kemper Corp.
The arbitrator awarded Kemper direct damages, prejudgment interest and expenses associated with the arbitration in late 2017 after it found that Computer Sciences had breached a contract for the delivery of certain policy administration and billing software.
In September 2018, the U.S. District Court for the Northern District of Texas entered judgment in the amount of $141.7 million against Computer Sciences and its parent, DXC Technology Co.
Computer Sciences and DXC Technology appealed the district court's ruling but tendered to Kemper $55.8 million in partial satisfaction of the final judgment. The unpaid balance of the judgment, including post-judgment interest, was approximately $89 million as of Dec. 31, 2019.