Texas Court Orders New Trial In $740M Appraisal IP Fight

Law360 (June 4, 2020, 12:04 PM EDT) -- A Texas appellate court reversed a record-setting $740 million trade secrets theft and fraud judgment for real estate analytics company HouseCanary against rival Amrock, holding flawed jury instructions require a new trial.

A Texas appellate court has said that HouseCanary must retry its fraud and trade secrets theft claims against rival Amrock due to flawed jury instructions. (Ty Wright/Bloomberg via Getty Images) HouseCanary must retry its claims of fraud and violations of the Texas Uniform Trade Secrets Act because a Bexar County District Court jury was wrongly instructed on what to consider in evaluating whether trade secrets were taken through "improper means,"...

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