secwatch.observer — SEC 8-K summary
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Issuer:     APPIAN CORP (APPN)
CIK:        0001441683
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001441683-24-000065
Event type: litigation
Sentiment:  negative
Materiality: 0.80
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Appian to appeal reversal of $2B+ trade secret verdict against Pegasystems
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- Court of Appeals reversed jury's $2B+ trade secret misappropriation verdict, citing evidentiary errors.
- Appian will seek reinstatement in Virginia Supreme Court; claims Court misread precedent and misapplied burdens.
- Virginia Computer Crimes Act violation by Pegasystems upheld as final (not appealed by Pega).
- Appian will seek full damages claim exceeding $3B if new trial ordered.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1441683/000144168324000065/0001441683-24-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1441683/000144168324000065/appn-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001441683-24-000065

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