litigation
confidence high
sentiment positive
materiality 0.75
Supreme Court of Virginia agrees to hear Appian appeal to reinstate $2.036B verdict vs Pegasystems
APPIAN CORP
- Petition granted on all four issues to restore jury verdict of willful and malicious trade secret misappropriation.
- Pegasystems' cross-appeal on sufficiency of evidence also accepted; Virginia Computer Crimes Act violation remains final.
- Original $2.036B judgment based on seven-week trial and thousands of pages of evidence of a spy used by Pegasystems.
- Appian cannot predict outcome or timeline but is encouraged by the court's decision to hear the case.