secwatch.observer — SEC 8-K summary
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Issuer:     APPIAN CORP (APPN)
CIK:        0001441683
Form:       8-K
Filed at:   2023-03-29T23:59:59+00:00
Accession:  0001441683-23-000031
Event type: litigation
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Appian files appellate brief defending $2B+ trade secret verdict against Pegasystems
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1441683/000144168323000031/0001441683-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1441683/000144168323000031/appn-20230329.htm
  HTML page:      https://secwatch.observer/filing/0001441683-23-000031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer