Investigation announced for Investors in shares of Pegasystems Inc. (NASDAQ: PEGA)

An investigation was announced over potential securities laws violations by Pegasystems Inc. in connection with certain financial statements.

Investors who purchased shares of Pegasystems Inc. (NASDAQ: PEGA), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Pegasystems Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Cambridge, MA based Pegasystems Inc. develops, markets, licenses, hosts, and supports enterprise software applications in the United States, rest of the Americas, the United Kingdom, rest of Europe, the Middle East, Africa, and the Asia-Pacific.

Pegasystems Inc. reported that its annual Total Revenue rose from over $1.01 billion in 2020 to over $1.21 billion in 2021, and that its Net Loss increased from $61.37 million in 2020, to $63.04 million in 2021.
On May 10, 2022, Appian announced that it has received a verdict from a jury in the Circuit Court for Fairfax County, Virginia, awarding it $2.036 billion in damages from Pegasystems Inc. (NASDAQ: PEGA) for trade secret misappropriation. The jury also found that Pegasystems violated the Virginia Computer Crimes Act. The jury further found Pegasystems' misappropriation of Appian's trade secrets to be willful and malicious. Appian brought the case to trial to ensure the protection of its proprietary intellectual property, including its trade secrets.
Shares of Pegasystems Inc. (NASDAQ: PEGA) declined from $102.12 per share on February 9, 2022, to as low as $36.50 per share on May 10, 2022.

Those who purchased shares of Pegasystems Inc. (NASDAQ: PEGA) have certain options and should contact the Shareholders Foundation.

Contact:
Christopher Clausen
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.