Panel Remands In $2B Jury Verdict Appeal Over Software’s ‘Stolen’ Trade Secrets

(August 2, 2024, 1:04 PM EDT) -- RICHMOND, Va. — A Virginia appellate court reversed a lower court’s judgment and remanded for a new trial after a jury awarded $2,036,860,045 to Appian Corp., a software company offering business process management (BPM) software that sued BPM competitor Pegasystems Inc., alleging that Pega engaged in corporate espionage to steal Appian’s trade secrets, finding that because the lower court “committed a series of errors,” the judgment must be reversed....