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

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

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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.

 

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