Appian's $2 billion verdict against Pegasystems overturned by appeals court

A man talks on the phone under a Pega logo at the Pegasystems booth at the SIBOS banking and financial conference in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017. REUTERS/Chris Helgren/ File Photo

(Reuters) -Software company Pegasystems convinced a Virginia appeals court on Tuesday to throw out a $2 billion jury verdict for rival Appian in a court battle over Pegasystems' alleged theft of Appian's trade secrets.

The award from 2022 had been the largest damages verdict in Virginia court history, the Court of Appeals of Virginia said in the decision.