NEW YORK–(BUSINESS WIRE)–#Action–Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Pegasystems, Inc. (“Pegasystems” or the “Company”) (NASDAQ: PEGA) on behalf of Pegasystems stockholders. Our investigation concerns whether Pegasystems has violated the federal securities laws and/or engaged in other unlawful business practices.
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On May 10, 2022, Appian announced that it has received a verdict from a jury in the Circuit Court for Fairfax County, Virginia, awarding it $2.036 billion in damages from Pegasystems Inc. (NASDAQ: PEGA) for trade secret misappropriation. The jury also found that Pegasystems violated the Virginia Computer Crimes Act. The jury further found Pegasystems’ misappropriation of Appian’s trade secrets to be willful and malicious. Appian brought the case to trial to ensure the protection of its proprietary intellectual property, including its trade secrets.
On this news, Pegasystems’ stock dropped $13.68, or 20.75%, to close at $52.25.
If you purchased or otherwise acquired Pegasystems shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at email@example.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.