The Niche Insurance Policy Behind a Software Company’s Big Legal Payout

📆 10/17/2023 10:35 AM
📰 WSJ

⏱ Reading Time:
25 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Appian, a business software company, took out what’s known as judgment preservation insurance, which protects against the downside of a lengthy appellate process

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

https://www.wsj.com/articles/the-niche-insurance-policy-behind-a-software-companys-big-legal-payout-546b4641Appian, which sells business-process automation software, is certain it will get paid at least $500 million, despite a potentially lengthy appeal.It could be years before Appian, a software company, sees a dollar of the $2 billion judgment it was awarded last year in a corporate espionage case against rival Pegasystems.This copy is for your personal, non-commercial use only.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Surge in Health-Insurance Costs Pose Next Challenge for Finance ChiefsHealthcare costs are rising at the steepest rate in years, leaving CFOs to manage the price tags
Source: WSJ - 🏆 98. / 63 Read more »

What Happens When the Flood Insurance Market Goes Underwater?More homeowners than ever need flood insurance. Fewer than ever can afford it.
Source: Gizmodo - 🏆 556. / 51 Read more »