Virginia Court Overturns $2 Billion Award in Appian v. Pegasystems Trade Secret Case

The Court of Appeals of Virginia has overturned a record $2 billion jury award in the Appian v. Pegasystems trade secret litigation. This case was closely watched as it involved the largest damages award on record under the Defend Trade Secrets Act (DTSA). The original verdict had set a precedent in the realm of trade secret theft, highlighting the significant legal and financial implications of such cases.