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Amrock Says $706 Million Verdict Brought Out the Whistle Blowers

  • Company wants jury award to HouseCanary thrown out by a judge
  • Filings cite former workers at software firm HouseCanary
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Photographer: Xaume Olleros/Bloomberg

One of the biggest trade secrets cases in U.S. history took a bizarre turn, with the company that lost a $706 million jury verdict saying it uncovered "bombshell" evidence of fraud thanks to whistle blowers who used to work for the winning side.

Amrock Inc., an affiliate of mortgage-lending firm Quicken Loans Inc., in March lost a trial in Texas against the data-analytics firm HouseCanary Inc., which Amrock sued in 2016. At the center of the suit is a botched licensing deal for Amrock to get cutting-edge home-appraisal software from HouseCanary, whose backers include former Alphabet Inc. Chairman Eric Schmidt’s family office.