(Adds Tuesday trading.)
Appian Corp.shares jump as much as 37% after the firm said it received a verdict awarding it $2.036 billion in damages from Pegasystems Inc. for misappropriation of its trade secrets
- PEGA is down as much as 27% on Tuesday
- “Appian will never hesitate to defend itself and its intellectual property from competitors where it believes they have acted illegally,” CEO
Matthew Calkinssaid in a statement.
- Jury verdict was given after a seven-week trial
Pegasystems Says Jury Awards Appian $2.04b Damages; Will Appeal
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