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’s headquarters in McLean, Va. The company, 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.

Still, Appian, which sells business-process automation software, is certain it will get paid at least $500 million, despite a potentially lengthy appeal.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.

 

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