Pegasystems Settles Shareholder Lawsuit Over Trade Secret Dispute for $35 Million
Pegasystems Inc., a leading software company, has agreed to pay $35 million to conclude a shareholder lawsuit in Massachusetts federal court. The action was initiated due to allegations that Pegasystems had not adequately disclosed information regarding a trade secret dispute with a competitor, which eventuated in a $2 billion verdict against them. This agreement signifies…