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City of Fort Lauderdale Police And Firefighters' Retirement System et al v. Pegasystems Inc. et al
Case Number:
1:22-cv-11220
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Nature of Suit:
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Firms
- Butler Curwood
- Cohen Milstein
- Hausfeld LLP
- Hutchings Barsamian
- Phelan Petty
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April 24, 2024
Pegasystems Cuts $35M Deal To End Investor Suit
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.
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July 24, 2023
Software Co. Can't Nix Investor Suit On $2B Trade Secret Loss
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.