---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-246050"
form_type: "8-K"
ticker: "PEGA"
cik: "0001013857"
company_name: "PEGASYSTEMS INC"
filed_at: "2022-09-16T23:59:59+00:00"
generated_at: "2026-06-23T08:59:28.275302+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Pegasystems faces $2.06B judgment in Appian trade secrets case; files appeal

## Summary
- Virginia court entered final judgment of ~$2.06B plus attorney fees and costs, with 6% post-judgment interest.
- Company filed notice of appeal on Sept 15, 2022; appeals may take years, no payment required until process ends.
- Pegasystems strongly disagrees with verdict, believes it has strong grounds to overturn; no impact on products or sales.

## SEC filing metadata
- accession: 0001193125-22-246050
- form_type: 8-K
- ticker: PEGA
- cik: 0001013857
- company_name: PEGASYSTEMS INC
- filed_at: 2022-09-16T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013857/000119312522246050/0001193125-22-246050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013857/000119312522246050/d376808d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-246050
- JSON: https://secwatch.observer/filing/0001193125-22-246050.json
- Plain text: https://secwatch.observer/filing/0001193125-22-246050.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.