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Exam Code: PEGACSA71V1 Practice test 2022 by Killexams.com team
Certified System Architect (CSA) 71V1
Pegasystems Certified education
Killexams : Pegasystems Certified education - BingNews https://killexams.com/pass4sure/exam-detail/PEGACSA71V1 Search results Killexams : Pegasystems Certified education - BingNews https://killexams.com/pass4sure/exam-detail/PEGACSA71V1 https://killexams.com/exam_list/Pegasystems Killexams : I Was Wrong About Microsoft And Google

Perhaps it was Donald Trump refusing to ever admit he was wrong (about President Obama’s birthplace, immigrants, crowd size, weather maps, Russia, Kim Jong-un, climate change, Covid, voter fraud, infrastructure week – it’s a long list), but like avoiding certain things (orange skin, drinking bleach, committing treason), publicly admitting error has suddenly become fashionable. The New York Times recently featured eight “I Was Wrong” columns by pundits like Thomas Friedman, Michelle Goldberg, and Paul Krugman admitting they were wrong about Trump voters, Facebook, Al Franken, Chinese censorship, protests, capitalism, inflation, and Mitt Romney (and his dog). It was fun practicing these admissions, although they all followed the same formula: I may have been wrong about this specific issue, but I was still right about the big picture! I only regret the Times wasn’t able to solicit a contribution from Susan Collins.

In this spirit, I have my own admission. Two summers ago – back when Susan Collins was more than a punchline and overt treason was just a gleam in Donnie’s eye – Microsoft and Google announced efforts to calm America’s troubled streets (George Floyd, Breonna Taylor) with free online programs to close the digital skills gap. Microsoft announced new curriculum from LinkedIn Learning and the GitHub Learning Lab and lowered the cost of certifications to bring digital skills to an additional 25M Americans. In Google’s case, it was 100,000 scholarships for new online certificates (data analyst, project manager, UX designer). In a Gap Letter titled The False Allure of Online Training, I lampooned the tech giants, saying “when the problems include racial injustice and generational damage, online training is biting off more than it can chew.” I went on to highlight the fact that neither company planned to actually hire any of the newly trained talent. “Microsoft and Google: if they’re not good enough for you, why should another employer want them?”

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So allow me join the ranks of penitent pundits by acknowledging I was wrong to castigate Microsoft and Google for launching online courses (although right as rain about the big picture – skills gap, lack of clear pathways to socioeconomic mobility, death of the American Dream). Doing so violated a principle I hold dear: not letting the best be the enemy of the good. Sure, it would be great if Microsoft and Google could singlehandedly wrench America’s workforce into alignment with employer needs. But that’s asking too much, even for businesses that collectively generate over $200B in annual profit.

I now recognize that casting aspersions on Microsoft and Google is like blaming McGraw-Hill and HMH for what ails K-12 education. Actually worse, because Microsoft and Google have better curriculum. And it’s not just these two. AWS, Salesforce, VMware, Cisco, Oracle, Pega, Appian, Workday, Facebook, Adobe, CompTIA, SAP, Snowflake, and lots of other tech leaders have built out high-quality, skills-based online courses leading to certification exams for the most in-demand digital skills. Besides addressing skills employers want but can’t find, these courses have something else in common. They’re all 100% asynchronous.

In this era of digital transformation, self-paced online courses are just like textbooks: necessary but insufficient. Learners and job seekers who can successfully complete these courses on their own probably don’t need much help getting a good job. They’re not the ones we should be worried about. And for those who don’t yet have a good job – struggling frontline and gig workers without the necessary motivation, aptitude, and preparation to progress on their own (and where life is likely to get in the way even if they hit that trifecta) – I’d bet completion rates on asynchronous tech credentials are below the education equivalent of the Mendoza Line (the MOOC Line i.e., 5%).

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Microsoft, Google and the rest can’t be expected to solve this problem. They’re not schools or training companies and will never be (principally because they turn up their noses at low gross margins). But they can recognize the problem. And so kudos to Google, which back in February announced $100M of funding for wraparound services, specifically funding Year Up and Merit America to provide synchronous engagement for job seekers. Wraparound services include instruction (i.e., classes), coaching, and interview prep. And while they have their attention, Year Up and Merit America will also work on soft skills like teamwork and communication. Google’s goal is 20,000 additional (low-income, underrepresented) certificate completers, or $5K per life transformed.

Deploying wraparound services to mine America’s newly discovered motherlode of tech training courseware for the benefit of tens of millions who’ve been shut out of the digital economy also has the potential to fix our broken workforce system. I’ve written previously about state and local workforce boards, which prioritize speed-to-placement and counseling over human capital development and therefore find themselves in a vicious circle of attracting only the lowest skill jobs and job seekers. Now a new service provider is seeking to play the role of Year Up for workforce boards. ShiftUp is delivering similar wraparound services for in-demand tech credentials, dramatically elevating 5% completion rates; ShiftUp is currently over 75% for these in-demand credentials. ShiftUp is now supporting workforce boards in New Jersey, Michigan, and Washington DC. Again, the price tag is in the neighborhood of $5K per life transformed.

With nonprofits and workforce boards taking the lead on making tech credentials accessible and meaningful for displaced and underserved Americans, where are colleges and universities in this pixelated picture? Largely nowhere. Sure, hundreds of schools have signed up for AWS Academy and Pathstream is helping over 30 colleges and universities deliver certifications from Facebook, Salesforce, Tableau, and Asana. But all told, well under 5% of accredited institutions are pairing instruction with any off-the-shelf online courses from tech leaders to create faster + cheaper pathways to good jobs.

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Why are colleges missing the boat? First, there are dozens of tech companies. Developing a comprehensive tech credential offering would require going company-by-company. And within a university, who’s set up to do this?

I came to the answer two weeks ago during a tech tête-à-tête with a dean at a Midwestern university. The e-mail discussion involved this very subject: how her university could begin to offer these wondrous new tech credentials. I suggested she’d need to add synchronous instruction in order to make them work for students. Her response:

Synchronous is not quality online education. It is something else but not ONLINE. It is a hybrid and I am not sure why anyone would think that is the way to go. On demand, on your own time is imperative for today's consumer. Like MOOCs this will not last.

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Why she cited MOOCs – a model that failed primarily due to lack of synchronous engagement – to make her point is a door I opted not to walk through. But I suggested that if she wanted to reach those seeking to land a good first job, she might take a different view, and cited Google’s $100M investment.

Her response:

I have been in the business a long time, this is the flavor of the month like MOOCs which I knew were not going to last (and a lot more than 100M got spent on MOOCs). We would be happy to create asynchronous versions for our [hundreds of] corporate partners.

And with that clarifying statement, I pinpointed my correspondent: dean of a continuing education division with a mandate to serve corporate partners, make money, and contribute that money back to the core university. She’s serving customers and her customers’ employees are different in many ways from the typical Merit America participant: early 30s with a decade or more working in restaurants and retail. One way in particular they’re different: they’re much more likely to have the motivation, aptitude, and preparation to complete asynchronous online courses unaided.

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Unfortunately, if you talk to a college or university about Microsoft, Google, AWS, Salesforce and the like, this is where you end up: the periphery, a borderland known as continuing education. There’s little sense that these remarkable new educational resources could be useful for full-time students or help the institution fulfill its mission. And that’s a shame.

Which leads me to a third reason for university inaction on tech credentials. As Postsecondary Analytics’ Nate Johnson said on last week’s Inside Higher Education (The Key) podcast, amidst enrollment wreckage, there are bright spots in student demand: areas like technology. “But those are the most costly fields for... instruction... You have to hire people who have those skills.”

So even if colleges could figure out how to gather these credentials and somehow activate the core instead of continuing education, they’d still have to find instructors. And where are colleges going to find people to teach AWS, Pega, Snowflake, and Workday? Not from Ph.D programs! Experts are out there, but they’re scarce (hence skills gap). And they’ll be hard for colleges to recruit: they’re practitioners, not career educators, and they’re already making a much better living than career educators. Colleges would have to appeal to their better angels. And to do that, they’ll probably have to figure out how to serve students who really need the leg up these programs can provide.

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In response to these challenges, Hire-Train-Deploy leader SkillStorm — an Achieve Partners portfolio company — came up with an answer. SkillStorm entered into agreements with AWS, Pega, Salesforce, Appian, and CompTIA and is setting up white-label tech cert programs for university partners. What SkillStorm calls its Accelerator program solves problems #1 and #3: the first one-stop shop for the most in-demand tech certifications with a large bench of qualified instructors. Then SkillStorm runs synchronous programs (one hour per day, five days per week). By working with multiple colleges and aggregating enrollments, SkillStorm is able to launch cohorts weekly. (The one problem SkillStorm hasn’t solved yet is continuing education; that’s where SkillStorm is plugging in.)

With partners like Pathstream and SkillStorm Accelerator, colleges and universities have no excuse for avoiding Microsoft, Google, and the other companies leading digital transformation. And while higher education will instinctively push these programs to continuing ed, as soon as these programs come online, the appeal for students who’ve paid for longer and more expensive degree bundles will become obvious. As these last-mile skills could not be more meaningful for landing good jobs, core students will find them and either force schools to include them in degree programs or perhaps convince colleges to situate them as building blocks in stackable credentials (e.g., upside-down degrees).

Come to think of it, after unjustly accusing them two years ago, the only one with an excuse for avoiding Microsoft and Google is me.

Fri, 05 Aug 2022 01:00:00 -0500 Ryan Craig en text/html https://www.forbes.com/sites/ryancraig/2022/08/05/i-was-wrong-about-microsoft-and-google/
Killexams : Pega Recognized as Best Place to Work for Disability Inclusion and Earns Top Score in the Disability Equality Index®

Pega received the highest possible score of 100 for its dedication to disability inclusion and equality in the workplace

CAMBRIDGE, Mass., July 20, 2022 /PRNewswire/ -- Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider that builds agility into the world's leading organizations, today announced it has earned the top score on the Disability Equality Index (DEI), which is recognized as one of the most robust disability inclusion assessment tools. Pega received the highest possible scores across all of DEI's evaluation categories – including culture & leadership, enterprise-wide access, employment practices, and community engagement – resulting in the highest possible score of 100 and the distinction of "Best Place to Work for Disability Inclusion."

The corporate logo for Pega (PRNewsfoto/Pegasystems Inc.)

Built on the idea of adaptability, Pega supports its people and communities by providing a safe and inclusive work environment. In its people-focused approach to technology and business, Pega has significantly invested in creating accessible, inclusive user experiences.

Key initiatives include:

  • Launching its Persons with Disabilities employee resource group, which focuses on recruitment, retention, career advancement, and social impact, including building partnerships with global and local charitable organizations that support people with disabilities.
  • Building an accessibility team that works with design, product, and engineering teams to test and provide guidance and feedback on software applications.
  • Creating an internal accessibility portal with role-based training and guidance for understanding and implementing accessibility best practices.
  • Launching the Advanced Allyship Program to help employees learn about allyship, discover implicit biases, build empathy, and understand the challenges of underserved groups. Pega also hosted a series of inclusive leadership and workplace sessions for its employees.
  • Conducting usability testing with users with varying visual impairments and working with third parties for accessibility audits of its low-code Pega Platform™, as well as hiring certified in accessibility requirements and native users of assistive technology.

The DEI is a joint initiative of the American Association of People with Disabilities (AAPD), the nation's largest disability rights organization, and Disability:IN, the global business disability inclusion network, to collectively advance the inclusion of people with disabilities. The DEI Advisory Committee, a diverse group of business leaders, policy experts, and disability advocates, developed the DEI, a comprehensive benchmarking tool that helps companies build a roadmap of measurable, tangible actions that they can take to achieve disability inclusion and equality. Each company receives a score, on a scale of zero (0) to 100, with those earning 80 and above recognized as a "Best Place to Work for Disability Inclusion."

For more information about the awards program and the full list of top scorers, visit: https://disabilityin.org/what-we-do/disability-equality-index/2022companies/ 

Quotes & Commentary

'Pega is committed to maintaining a diverse and equitable culture where differences are not only respected but broadly celebrated," said Kate Parente, chief people officer, Pega. "We provide accessible work environments for all employees and aim to create an inclusive experience for clients and users of our low-code platform. Our DEI score recognizes Pega amongst the best in the industry for our initiatives and efforts towards disability inclusion and equity. We look forward to continuing our journey of cultivating a workplace dedicated to supporting and advancing persons with disabilities."

Supporting Resources

About Pegasystems
Pega provides a powerful low-code platform that builds agility into the world's leading organizations so they can adapt to change. Clients use our AI-powered decisioning and workflow automation to solve their most pressing business challenges – from personalizing engagement to automating service to streamlining operations. Since 1983, we've built our scalable and flexible architecture to help enterprises meet today's customer demands while continuously transforming for tomorrow. For more information on Pegasystems (NASDAQ: PEGA), visit www.pega.com.

Press Contact:
Ilena Ryan
Pegasystems Inc.  
Ilena.ryan@pega.com
(617) 866-6722    
Twitter: @pega 
All trademarks are the property of their respective owners.

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SOURCE Pegasystems Inc.

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Killexams : PEGA LAWSUIT ALERT: Levi & Korsinsky Notifies Pegasystems Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

NEW YORK, July 14, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Pegasystems Inc. ("PEGA" or the "Company") (NASDAQ: PEGA) of a class action securities lawsuit.

Levi & Korsinsky, LLP (PRNewsfoto/Levi & Korsinsky, LLP)

CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of PEGA investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all persons and entities that purchased PEGA common stock between May 29, 2020 and May 9, 2022, inclusive. Follow the link below to get more information and be contacted by a member of our team:

https://www.zlk.com/pslra-1/pegasystems-inc-loss-submission-form?prid=29774&wire=4

PEGA investors may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) PEGA had engaged in corporate espionage and misappropriation of trade secrets to better compete against Appian, a principal competitor; (2) 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 such corporate espionage and trade secret theft; (3) 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; (4) the Company's CEO and other officers and employees did not comply with the Company's written Code of Conduct, including its express prohibition on "stealing" confidential information from a competitor and "misrepresenting your identity in hopes of obtaining confidential information"; (5) the Company was "unable to reasonably estimate damages" in the lawsuit filed by Appian as a result of the foregoing misconduct (the "Appian Litigation"); and (6) as a result of the foregoing, defendants' statements about PEGA's business, operations, prospects, legal compliance, and potential damages exposure in the Appian Litigation were materially false and/or misleading and/or lacked a reasonable basis when made.

WHAT'S NEXT? If you suffered a loss in PEGA during the relevant time frame, you have until July 18, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

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SOURCE Levi & Korsinsky, LLP

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Killexams : University of Tampa partners with Florida company to launch tech talent programs No result found, try new keyword!“Against the backdrop of a rapidly changing labor market, companies nationwide are turning to new models of education and training ... seeking to access talent certified in today’s most ... Wed, 13 Jul 2022 16:56:00 -0500 text/html https://www.bizjournals.com/tampabay/news/2022/07/13/ut-partners-skillstorm-launch-tech-talent-program.html Killexams : SHAREHOLDER ACTION NOTICE: The Schall Law Firm Encourages Investors in Pegasystems Inc. with Losses of $100,000 to Contact the Firm

Los Angeles, California--(Newsfile Corp. - July 1, 2022) - The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Pegasystems Inc. ("Pegasystems" or "the Company") (NASDAQ: PEGA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between May 29, 2020 and May 9, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before July 18, 2022.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Pegasystems engaged in a campaign of corporate espionage and the misappropriation of trade secrets to gain a competitive advantage over rival Appian. The Company's product development and success was driven in part by the theft of trade secrets. The Company's CEO was personally involved in the theft of trade secrets and other corporate espionage activities. The Company was "unable to reasonably estimate damages" in litigation related to Appian. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Pegasystems, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com

SOURCE:
The Schall Law Firm

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/129734

Fri, 01 Jul 2022 02:07:00 -0500 text/html https://stockhouse.com/news/press-releases/2022/07/01/shareholder-action-notice-the-schall-law-firm-encourages-investors-in
Killexams : DEADLINE TODAY: The Schall Law Firm Encourages Investors in Pegasystems Inc. with Losses of $500,000 to Contact the Firm

LOS ANGELES, July 18, 2022 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Pegasystems Inc. ("Pegasystems" or "the Company") (NASDAQ: PEGA) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

(PRNewsfoto/The Schall Law Firm)

Investors who purchased the Company's securities between May 29, 2020 and May 9, 2022, inclusive (the ''Class Period''), are encouraged to contact the firm before July 18, 2022. 

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at bschall@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Pegasystems engaged in a campaign of corporate espionage and the misappropriation of trade secrets to gain a competitive advantage over rival Appian. The Company's product development and success was driven in part by the theft of trade secrets. The Company's CEO was personally involved in the theft of trade secrets and other corporate espionage activities. The Company was "unable to reasonably estimate damages" in litigation related to Appian. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Pegasystems, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
info@schallfirm.com

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SOURCE The Schall Law Firm

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Killexams : SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Pegasystems Inc. - PEGA

NEW YORK, July 17, 2022 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Pegasystems Inc. (“Pegasystems” or the “Company”) (NASDAQ: PEGA). Such investors are advised to contact Robert S. Willoughby at  newaction@pomlaw.com or 888-476-6529, ext. 7980.

The investigation concerns whether Pegasystems and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.

[Click here for information about joining the class action]

On May 29, 2020, Pegasystems was sued by one of its principal competitors, Appian Corporation (“Appian”), in Virginia circuit court, alleging that Pegasystems had stolen Appian’s trade secrets and violated Virginia’s computer crime law.  Then, on May 9, 2022, Pegasystems disclosed that the Virginia circuit court jury awarded Appian more than $2 billion for Pegasystems’ misappropriation of trade secrets.  According to press reports, during the seven-week trial, the jury was presented with substantial evidence supporting Appian’s claims, including videos, emails, and text messages, and evidence that Alan Trefler, Pegasystems’ Founder and Chief Executive Officer, personally attended a meeting in which Appian trade secrets were provided to Pegasystems.  The jury found that Pegasystems engaged in “willful and malicious” misappropriation of Appian’s trade secrets. 

On this news, Pegasystems’ stock price fell $13.68 per share, or 20.75%, to close at $52.25 per share on May 10, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980


Sun, 17 Jul 2022 15:09:00 -0500 en-US text/html https://www.wate.com/business/press-releases/globenewswire/8600674/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-pegasystems-inc-pega/
Killexams : SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Pegasystems Inc. - PEGA

NEW YORK, July 5, 2022 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Pegasystems Inc. ("Pegasystems" or the "Company") (NASDAQ: PEGA).  Such investors are advised to contact Robert S. Willoughby at  newaction@pomlaw.com or 888-476-6529, ext. 7980.

Fighting for victims of securities fraud for more than 85 years (PRNewsfoto/Pomerantz LLP)

The investigation concerns whether Pegasystems and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here for information about joining the class action] 

On May 29, 2020, Pegasystems was sued by one of its principal competitors, Appian Corporation ("Appian"), in Virginia circuit court, alleging that Pegasystems had stolen Appian's trade secrets and violated Virginia's computer crime law.  Then, on May 9, 2022, Pegasystems disclosed that the Virginia circuit court jury awarded Appian more than $2 billion for Pegasystem's misappropriation of trade secrets.  According to press reports, during the seven-week trial, the jury was presented with substantial evidence supporting Appian's claims, including videos, emails, and text messages, and evidence that Alan Trefler, Pegasystem's Founder and Chief Executive Officer, personally attended a meeting in which Appian trade secrets were provided to Pegasystems.  The jury found that Pegasystems engaged in "willful and malicious" misappropriation of Appian's trade secrets. 

On this news, Pegasystem's stock price fell $13.68 per share, or 20.75%, to close at $52.25 per share on May 10, 2022.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 7980

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SOURCE Pomerantz LLP

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