The Law Offices of Frank R. Cruz Announces Investigation of Pegasystems Inc. (PEGA) on Behalf of Investors
The Law Offices of Frank R. Cruz announces an investigation of Pegasystems Inc. ("PEGA" or the "Company") (NASDAQ: PEGA) on behalf of investors concerning the Company's possible violations of federal securities laws.
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On May 29,2020, PEGA was sued by CRM software competitor, Appian Corporation, for stealing its trade secrets and violating computer crime law.
Then, on May 9, 2022, after the market had closed, PEGA disclosed that the Virginia circuit court jury awarded Appian $2.036 billion after the jury found that PEGA engaged in "willful and malicious" misappropriation of Appian's trade secrets.
On this news, PEGA's stock fell $17.86, or 27.1%, over the next two consecutive trading days to close at $48.07 per share on May 11, 2022, thereby injuring investors.
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If you purchased PEGA securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 1999 Avenue of the Stars, Suite 1100, Los Angeles, California 90067 at 310-914-5007, by email to [email protected], or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.
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