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Appian Gets Virginia Supreme Court Hearing on Reinstating $2.04 Billion Verdict Against Pegasystems
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Appian Gets Virginia Supreme Court Hearing on Reinstating $2.04 Billion Verdict Against Pegasystems
Mar 7, 2025 12:37 PM

03:10 PM EST, 03/07/2025 (MT Newswires) -- Appian (APPN) said Friday that the Supreme Court of Virginia agreed to hear its petition to reinstate a jury's $2.04 billion judgment against Pegasystems ( PEGA ) for trade secret misappropriation.

The court agreed to review four issues raised in the Court of Appeals decision.

Appian sued Pegasystems ( PEGA ) to protect its intellectual property. A jury found that Pegasystems ( PEGA ) used a "spy" to get trade secrets, benefiting financially from the misappropriation, Appian said.

The Supreme Court also agreed to review Pegasystems' ( PEGA ) cross-appeal on trade secret misappropriation, though lower courts rejected its arguments, Appian said.

Pegasystems ( PEGA ) didn't immediately respond to a request for comment from MT Newswires.

Shares of Appian rose 3.1% in recent Friday trading, and Pegasystems ( PEGA ) fell 0.3%.

Price: 32.19, Change: +0.98, Percent Change: +3.12

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