Appian Corp shares soared and Pegasystems Inc shares tumbled on Tuesday after a Virginia jury ordered Pegasystems to pay its software rival $2.04 billion in damages for misappropriating trade secrets.

Appian (NASDAQ:APPN) rose 1.6% after the Virginia Supreme Court agreed to rehear its petition seeking to reinstate a $2.04 billion judgment against Pegasystems (NASDAQ:PEGA) in a trade secrets case.

Pegasystems (NASDAQ:PEGA) was upgraded to outperform from market perform at William Blair after an appeals court overturned a $2 billion judgement against the firm in a trade secrets case with Appian ...

The corporate espionage civil case between rivals Appian and Pegasystems is heading back to court, the Virginia Court of Appeals ruled Tuesday. The three-judge panel ordered a new trial, saying that ...

Our bear case assumes Pegasystems loses its appeal and owes the entire $2 billion to Appian paid in 2025 after a theoretical judgment is paid. Based on its current balance sheet, we believe it is very ...

Appian Corp., a cloud computing firm based in McLean, won $2.03 billion — an amount estimated to be the largest award in Virginia state court history — in a trade secrets verdict against a competitor ...

The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Last week, one analyst asked ...

"The important thing here is you can't ever regret protecting the rights of your company. That's not something you should hesitate about. If the conduct is serious, you have to pursue it," said Appian ...

In May, a jury found against Pegasystems. After a final judgment was entered in September, the case is set to go to appeals. Appian was awarded those damages in May, and in September the court entered ...

The low-code specialist scored a big win in court over Pegasystems. Appian shares jumped 39% last Tuesday after the news came out, while Pegasystems' stock plunged 21%. It's not a surprise that the ...