Virginia Court Overturns $2 Billion Verdict in High-Stakes Appian vs. Pegasystems Trade Secrets Battle
RICHMOND, Va. — In a major legal reversal, the Court of Appeals of Virginia has overturned a staggering $2 billion jury verdict initially awarded to Appian in its trade secret lawsuit against competitor Pegasystems. The court upheld the finding of trade secret misappropriation but mandated a retrial on both liability and damages, citing procedural errors by the trial court. Appian, a prominent player in the business process management (BPM) software arena, had accused its competitor Pegasystems of stealing trade secrets by covertly hiring a former employee with insider knowledge and accessing proprietary software demonstrations. The … Read more