Appian wins historic $2bn verdict in trade secrets dispute
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The ‘eye-catching’ award underscores the value of this protection and could prefigure even harsher penalties, finds Muireann Bolger.
It is every company's nightmare: a spy infiltrates the heart of the business and delivers a potentially fatal strike by stealing its valuable IP.
This was the scenario apparently confronting tech company Appian, which in 2020 said it had discovered that a "spy" had stolen trade secrets.
Appian took action by suing the software company, Pegasystems, for trade secrets theft, and on May 9, a Virginia court delivered a record $2 billion jury verdict in its favour.
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Appian, brands, IP protection, software, Pegasystems, trade secrets litigation, plaintiff, digital assets, firewalls