Pegasystems updates on Appian litigation; $2.1B damages award now in appeal

PEGASYSTEMS INC

Pega says $2.1B damages award is not payable until appeal resolved; no impact on product or sales.
Appeal grounds: jury not shown key evidence, damages instruction error, alleged secrets were public.
Ex-Pega exec John Petronio, who led consultant engagement, now heads competitive intelligence at Appian.
Appeals process may take years; Pega states it remains financially strong with no business restrictions.
Appian used Virginia Computer Crimes Act claim; jury awarded $1 on that count.

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