LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Pegasystems Inc. (“PEGA” or the “Company”) (NASDAQ: PEGA) investors concerning the Company’s possible violations of the federal securities laws.

If you suffered a loss on your PEGA investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/pegasystems-inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

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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