LONDON, March 12,
2025 /PRNewswire/ -- Appian announced today that the
Supreme Court of Virginia agreed
to hear its petition seeking to reinstate the $2.036 billion judgement against Pegasystems,
Inc. ("Pega"). The petition, which raised four different errors
made by the Court of Appeals, seeks to restore the jury's verdict
of wilful and malicious trade secret misappropriation. The petition
was granted on each of the four issues.
Appian originally brought the case to trial to ensure the
protection of its intellectual property, including its trade
secrets. The unanimous verdict from the jury was based on seven
weeks of testimony from dozens of witnesses and thousands of pages
of evidence introduced to show that Pegasystems employed a "spy" to
analyse the inner workings of Appian's software, improve its own
product, and generate billions of dollars in revenue based on its
misappropriation.
"We are encouraged that the Supreme Court of Virginia has agreed to review our case. We
look forward to being heard by the highest court in Virginia and remain hopeful the Court will
reinstate the jury's verdict and corresponding damages, which were
in line with the scope of wrongdoing found in this case and which
we believe is the correct legal outcome," stated Christopher Winters, General Counsel of
Appian.
The Supreme Court also agreed to hear Pega's cross-appeal
issues, which presented arguments regarding the sufficiency of the
evidence of trade secret misappropriation. Those arguments have
been rejected by both the trial court and the Court of Appeals. The
Virginia jury found Pegasystems
violated the Virginia Computer Crimes Act, but Pegasystems declined
to appeal that ruling below, meaning that the Virginia Computer
Crimes Act violation by Pegasystems remains confirmed and
final.
The petition will be subject to further briefing and argument in
front of the Supreme Court of Virginia. Appian cannot predict the outcome of
any appeals or the time it will take to resolve them.
Learn more about the Appian and Pega case here:
https://appian.com/pega-verdict
Forward-Looking Statements
This press release includes forward-looking statements. All
statements contained in this press release other than statements of
historical facts, including statements regarding Appian's ability
to collect on the judgement, the outcome of any appeal, and the
timing of such matters, are forward-looking statements. All aspects
of the case could be subject to further appeal by Appian or
Pegasystems. Appian cannot predict the outcome of any appeals or
the time it will take to resolve them. The words "anticipate,"
"believe," "continue," "estimate," "expect," "intend," "may,"
"will," and similar expressions are intended to identify
forward-looking statements. These forward-looking statements are
subject to a number of risks and uncertainties, including the risks
and uncertainties set forth in the "Risk Factors" section of
Appian's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and
Exchange Commission on February 19,
2025 and other reports that Appian has filed with the
Securities and Exchange Commission. Appian is under no duty to
update any of these forward-looking statements after the date of
this press release to conform these statements to actual results or
revised expectations, except as required by law.
About Appian
Appian is The Process Company. We deliver a software platform
that helps organisations run better processes that reduce costs,
improve customer experiences, and gain a strategic edge. Committed
to client success, we serve many of the world's largest companies
across industries. For more information, visit appian.com. [Nasdaq:
APPN]
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