HouseCanary has been awarded a $706.2 million jury verdict against Amrock, formerly known as Title Source, in a misappropriation of trade secret and breach of contract case, according to a release from Susman Godfrey LLP, the firm representing HouseCanary. A 12-person jury found unanimously in favor of HouseCanary this week.
Amrock is owned by Rock Holdings, Inc, also parent company of Quicken Loans. Quicken Loans CEO Jay Farner issued a response on Thursday:
“Quicken Loans and its parent Rock Holdings Inc. were never parties to the recent litigation between HouseCanary and Amrock, nor is either company subject to any liability in connection with verdict announced in the state court in San Antonio, Texas. In addition, Quicken Loans and Rock Holdings Inc. were never a party to the contract at issue and there was never a single claim filed against Quicken Loans or Rock Holdings, Inc. in this lawsuit.”
The case is Title Source Inc. v. HouseCanary Inc. fka Canary Analytics, Inc.; Case No. 2016CI06300, filed in the United States District Court of Bear County, Texas, 73rd Judicial District.
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