Virginia Appeals Court reverses $2B trade-secret verdict against Pegasystems

PEGASYSTEMS INC

Court of Appeals of Virginia reversed judgment on Appian's VUTSA trade-secret claims and remanded for new trial.
The unanimous panel cited multiple trial-court errors, including preventing Pegasystems from showing its software never used Appian's trade secrets.
Pegasystems' COO/CFO stated the $2B award was 'never rational' and called the collapsed verdict 'a skyscraper of cards.'
Pegasystems expects Appian to appeal the decision to the Supreme Court of Virginia.
The reversal removes an immediate $2B liability; trial on remand will be limited to trade-secret claims.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.