financetom
Business
financetom
/
Business
/
Appian Gets Virginia Supreme Court Hearing on Reinstating $2.04 Billion Verdict Against Pegasystems
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
JinkoSolar Holding Unit to List One Billion A Shares in Germany
JinkoSolar Holding Unit to List One Billion A Shares in Germany
Oct 21, 2024
08:16 AM EDT, 10/21/2024 (MT Newswires) -- JinkoSolar Holding ( JKS ) said Monday that its Jinko Solar unit plans to issue 1 billion A shares of stock at 1 Chinese renminbi ($0.14) per share in the form of global depositary shares representing 10 shares. The company said it plans to list the depositary shares on the Frankfurt Stock Exchange...
Microsoft to Launch Autonomous AI Agent Creation Function Via Copilot Studio
Microsoft to Launch Autonomous AI Agent Creation Function Via Copilot Studio
Oct 21, 2024
08:10 AM EDT, 10/21/2024 (MT Newswires) -- Microsoft ( MSFT ) said in a blog post Monday it will start allowing customers to create autonomous artificial intelligence agents using the Copilot Studio application from next month. The AI agents will work on behalf of an individual, team or function to execute and orchestrate businesses process, Microsoft ( MSFT ) said...
Newport Exploration Noted Beach Energy's Q1 Activities Report
Newport Exploration Noted Beach Energy's Q1 Activities Report
Oct 21, 2024
08:07 AM EDT, 10/21/2024 (MT Newswires) -- Newport Exploration ( NWXPF ) over the weekend provided an update for licences in the Cooper basin, Australia, over which the company has a 2.5% gross overriding royalty. It noted the information was reported by Beach Energy Ltd in its FY25 First Quarter Activities Report dated October 18, 2024. ...
Market Chatter: UBS Lawyers Push to Relabel ESG Products to Avoid Scrutiny
Market Chatter: UBS Lawyers Push to Relabel ESG Products to Avoid Scrutiny
Oct 21, 2024
08:23 AM EDT, 10/21/2024 (MT Newswires) -- UBS (UBS) is working on relabeling its sustainable products following lawyers' advice that some ESG descriptions can draw criticisms or regulatory scrutiny, Bloomberg News reported Sunday, citing people familiar with the matter. UBS's lawyers provided guidance that would ensure the bank isn't accused of greenwashing or being non-compliant with emerging regulations, Bloomberg said....
Copyright 2023-2026 - www.financetom.com All Rights Reserved