litigation
confidence high
sentiment positive
materiality 0.65
Appian files appellate brief defending $2B+ trade secret verdict against Pegasystems
APPIAN CORP
- Filed brief in Virginia Court of Appeals responding to Pegasystems' appeal of $2B+ verdict.
- Jury found Pegasystems willfully and maliciously misappropriated Appian trade secrets.
- Trial judge described evidence as 'overwhelming'; Appian argues precedent requires upholding verdict.
- Brief and supporting evidence available on Appian's Pega Verdict webpage.
- Appian believes Pega faces 'tall hurdle' to overturn jury award.