secwatch.observer — SEC 8-K summary
======================================

Issuer:     APPIAN CORP (APPN)
CIK:        0001441683
Form:       8-K
Filed at:   2025-03-07T23:59:59+00:00
Accession:  0001441683-25-000020
Event type: litigation
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Supreme Court of Virginia agrees to hear Appian appeal to reinstate $2.036B verdict vs Pegasystems
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1441683/000144168325000020/0001441683-25-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1441683/000144168325000020/appn-20250307.htm
  HTML page:      https://secwatch.observer/filing/0001441683-25-000020

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