Amrock Ordered to Pay $706 Million in Trade Secrets Case
- Texas jury said title insurance firm cheated HouseCanary
- Real estate data firm’s trade secrets valued at $201.6 million
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Title Source maliciously used trade secrets of a real estate data-analytics company, a Texas jury found, and has been ordered to pay $706.2 million in actual and punitive damages to HouseCanary Inc.
Texas state-court jurors in San Antonio, where HouseCanary has an office, unanimously found that Title Source, now known as Amrock, failed to comply with a master software license and non-disclosure agreement related to proprietary real estate market analytic tools developed by the San Francisco-based tech firm.