August 16, 2024
Attorneys for lead plaintiffs in a shareholder class action against Pegasystems are seeking $10.5 million in attorney fees from the $35 million settlement that ended claims that the software company failed to properly disclose a rival's trade secret litigation that led to a since-vacated $2 billion verdict.
April 24, 2024
Pegasystems Inc. has agreed to pay $35 million to settle a shareholder suit in Massachusetts federal court alleging the software company failed to properly disclose a rival's trade secret litigation that led to a $2 billion verdict.
July 24, 2023
A Massachusetts federal judge on Monday kept alive an investor proposed class action against software company Pegasystems accusing it of failing to properly disclose trade secret litigation by a rival that resulted in a $2 billion dollar verdict against it, ruling that the investors credibly alleged the company misled them.