Pegasystems Inc . (NASDAQ:), a software company specializing in digital process automation, announced today that the Court of Appeals of Virginia has reversed a previous judgment against the company in a lawsuit with Appian (NASDAQ:) Corp. The court has ordered a new trial, providing a fresh opportunity for Pegasystems to present its case.
The legal dispute, titled Appian Corp . v. Pegasystems Inc. & Youyong Zou, initially resulted in a decision by the Circuit Court of Fairfax County, Virginia, which has now been overturned on multiple grounds related to the Virginia Uniform Trade Secrets Act (VUTSA) claims. The reversal and remand for a new trial signify a significant development in the ongoing litigation between the two software companies.
In response to the court’s decision, Pegasystems sent an email to its employees, which was attached as Exhibit 99.1 to the SEC filing, to inform them about the latest developments in the case. The company emphasized the importance of the ruling and its implications for the ongoing legal process.
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