INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Pegasystems Inc. (PEGA) on Behalf of Investors
Law Offices of Howard G. Smith announces an investigation on behalf of Pegasystems Inc. ("PEGA" or the "Company") (NASDAQ: PEGA) investors concerning the Company's possible violations of federal securities laws.
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 malicous" 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.
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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at www.howardsmithlaw.com.
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