litigation
confidence high
sentiment positive
materiality 0.70
Appian settles Pegasystems litigation in Massachusetts; $2.04B award unaffected
APPIAN CORP
- Confidential settlement with Pegasystems and BPM.com resolves Massachusetts case (No. 19-cv-11461).
- Court dismissed all claims and counterclaims in the Massachusetts case on November 10, 2022.
- $2.036 billion damages and $23.6 million attorneys' fees from Virginia case (Appian v. Pega) remain intact.
- Terms of the settlement are confidential; no further details disclosed.