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Investigation announced for Long-Term Investors in Pegasystems Inc. (NASDAQ: PEGA) over potential Wrongdoing

09-16-2022 02:27 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation on behalf of current long term investors in Pegasystems Inc. (NASDAQ: PEGA) shares.

An investigation on behalf of current long term investors in Pegasystems Inc. (NASDAQ: PEGA) shares.

An investigation was announced concerning potential breaches of fiduciary duties by certain directors of Pegasystems Inc.

Investors who are current long term investors in Pegasystems Inc. (NASDAQ: PEGA) shares, 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 for current long term investors in NASDAQ: PEGA stocks follows a lawsuit filed against Pegasystems Inc. over alleged securities laws violations. The investigation on behalf of current long term investors in NASDAQ: PEGA stocks, concerns whether certain Pegasystems Inc. directors are liable in connection with the allegations made in that lawsuit.

According to that complaint filed in the U.S. District Court for the Eastern District of Virginia the plaintiff alleges that the defendants made materially false and misleading statements throughout the Class Period, including by failing to disclose that Pegasystems had misappropriated trade secrets to better compete against Appian, a principal competitor, that the Defendants' product development and associated success was, in significant part, not the result of its own research and product testing but rather the result of corporate espionage and trade secret theft, and that Defendants had engaged in a scheme to steal Appian trade secrets, which was not only known to, but carried out through, the personal involvement of the Company's CEO

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

Contact:
Michael Daniels
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.

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