We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Jury Awards $706M Over Appraisal App Secrets Theft

Law360 (March 15, 2018, 8:12 PM EDT) -- A Texas state jury awarded $706.2 million on Wednesday to data-analytics startup HouseCanary, agreeing that former collaborator Title Source Inc. brazenly stole proprietary data recipes for home appraisals and comparisons as it allegedly readied to build its own software suite.

The unanimous 12-member Bexar County jury included more than $400 million in exemplary damages for TitleSource’s “willful and malicious” misappropriation of secrets shared during the brief partnership, according to the verdict form.

HouseCanary’s app was made for house appraisers to use on location, quickly generating detailed...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.