Title Insurer Amrock's Lawsuit Backfires to Tune of $706 Million
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An affiliate of mortgage-lending firm Quicken Loans Inc. filed a fraud suit to back out of a software deal with a housing data-analytics firm, serving the complaint at a trade show in front of the startup’s customers and calling the project a bust.
A Texas jury didn’t buy it -- and instead punished the affiliate with a verdict of almost three-quarters of a billion dollars.