A $700 million jury award for trade secrets misappropriation and
fraud is the product of a collusive scheme to deceive the jury,
claims title insurance and valuations provider Amrock, formerly
known as Title Source, in its recent bid for a new trial.
The blockbuster award to technology start-up HouseCanary arose
out of its 2015 contract to provide Amrock with access to its
proprietary app designed to generate real estate valuations for
house appraisers based on a proprietary automated valuation model.
Several months later, Amrock accused HouseCanary of breaching the
contract by failing to provide any usable products. Amrock
terminated the agreement and sought a declaratory judgment in Texas
state court that it need not pay HouseCanary the contracted $5
million in annual access fees. HouseCanary countersued,
claiming that Amrock used HouseCanary's products and offerings
without paying for them, collected a "critical mass" of
HouseCanary's proprietary data, and
