A federal jury in Texas has awarded HouseCanary, a provider of real estate valuation and assessment tools, $706.2 million in its breach of contract and trade secret misappropriation case with Title Source, an affiliate of Quicken Loans, now known as AMROCK, Inc.
Trial litigation firm Susman Godfrey secured the jury verdict for HouseCanary in the misappropriation of trade secret and breach of contract case related to HouseCanary’s technology for valuation, appraisal, and real estate analytics.
At the conclusion of the six-week trial, a 12-person jury found unanimously in favor of HouseCanary, on counterclaims in this high-stakes legal battle.
“We are very pleased we could obtain this result for our client,” said Max Tribble, who served as lead counsel for HouseCanary along with co-lead counsel, Kalpana Srinivasan. “Our firm’s experience in high-tech trade secret cases enabled us to secure this substantial win in a hard-fought trial.”
Representing HouseCanary alongside Tribble and Srinivasan were Matthew Behncke, Elisha Barron, and Rocco Magni.