The company Pegasystems Inc . (NASDAQ:), a digital process automation software company, announced today that the Virginia Court of Appeals has reversed a previous ruling against the company in a lawsuit against Appian (NASDAQ:) Corp . The court ordered a new trial, giving Pegasystems a new chance to present its case.
Legal dispute, titled Appian Corp . v. Pegasystems Inc. & Youyong Zou, originally resulted in a decision in the Circuit Court of Fairfax County, Virginia, now overturned on multiple grounds related to Virginia Uniform Trade Secrets Act (VUTSA) claims. The postponement and reinstatement of the new lawsuit represent 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, attached as Exhibit 99.1 to the SEC filing, to inform them of the latest developments in the case. The company emphasized the importance of the decision and its impact on the ongoing legal process.
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