Amrock Appeal Of Trade Secret Verdict Is No Surprise
By Thomas Hodge (December 11, 2018, 5:30 PM EST) -- A curious verdict emerged from a Texas jury in March of this year in what started out as a simple breach of contract lawsuit for nonperformance under a contract. The case ended with the defendant HouseCanary winning an outrageous $706 million judgment on a counterclaim against the plaintiff, Amrock, formerly Title Source Inc., for theft of trade secrets.
Amrock had contracted HouseCanary to provide them with a real estate automated valuation model, or AVM, mobile application that would produce property appraisal reports. When HouseCanary repeatedly failed to provide any semblance of an accurate working AVM application to Amrock, Amrock had no...
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