SAN DIEGO, May 10, 2022 (GLOBE NEWSWIRE) — Shareholder rights law firm Johnson Fistel, LLP (www.JohnsonFistel.com) is investigating whether Pegasystems Inc. (NASDAQ: PEGA), one of its officers or others have violated securities laws by making false statements or failing to timely disclose material and adverse information to investors. The investigation focuses on investors’ losses and whether they can be recovered under federal securities laws.
What if I bought common shares of Pegasystems? If you purchased Pegasystems common stock and suffered significant losses on your investment, join our survey now:
Click or paste the following web address into your browser to submit your losses: https://www.johnsonfistel.com/surveys/pegasystems-inc-secret-misappropriation-lawsuit-why-did-pega-Stock-drop
Or for more information, contact Jim Baker at [email protected] or (619) 814-4471
There is no cost or obligation for you.
What is Johnson Fistel investigating? Appian today announced that it has received a verdict from a jury in the Circuit Court of Fairfax County, Va., awarding it $2.036 billion in damages from Pegasystems Inc. (NASDAQ: PEGA) for embezzlement trade secrets. The jury also found that Pegasystems violated the Virginia Computer Crimes Act. The jury further found that Pegasystems’ misappropriation of Appian’s trade secrets was willful and malicious. Appian took the case to court to ensure protection of its proprietary intellectual property, including its trade secrets.
What if I have relevant non-public information? Individuals with nonpublic information about the company should consider participating in our investigation or taking advantage of the SEC’s Whistleblower Program. Under the SEC’s program, whistleblowers who provide original information may, under certain circumstances, receive rewards totaling up to thirty percent of any successful recovery made by the SEC. For more information, contact Jim Baker at (619) 814-4471 or [email protected].
About Johnson Fistel, LLP. Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in securities class actions and derivatives lawsuits. For more information about the firm and its lawyers, please visit http://www.johnsonfistel.com. Lawyer advertisement. Past results do not guarantee future results.
Johnson Fistel, LLP
Jim Baker, Senior Securities Analyst
Telephone: (619) 814-4471
E-mail: [email protected]