Brief: Appian Corp Awarded $2.04 Bln From Pegasystems For Trade Secret Misappropriation

Appian

16/09/2022 14:23

Sept 16 (Reuters) - Appian Corp  APPN.O :
    * APPIAN CORP - FINAL JUDGEMENT AWARDS CO $2.036 BILLION IN
DAMAGES FROM PEGASYSTEMS INC. FOR TRADE SECRET MISAPPROPRIATION
    * APPIAN - COURT ORDERED PEGASYSTEMS TO PAY CO STATUTORY
POST-JUDGMENT INTEREST ON JUDGMENT AT ANNUAL RATE OF 6%, OR
ABOUT $122 MILLION PER YEAR

Source text for Eikon:  ID:nPn65PtS6a 
Further company coverage:  APPN.O 

 ((Reuters.Briefs@thomsonreuters.com;))