An investigation on behalf of current long term investors in Pegasystems Inc. (NASDAQ:PEGA) shares over possible breaches of fiduciary duty by certain officers and directors was announced.
San Diego, CA -- (SBWIRE) -- 09/21/2022 -- Certain directors of Pegasystems Inc. are under investigation over potential breaches of fiduciary duties.
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 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.
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:
Shareholders Foundation, Inc.
Christopher Clausen
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About The Shareholders Foundation
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, , which does research related to shareholder issues and informs investors of securities class actions, 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, investigation, and/or settlements are not filed/reached and/or 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.