Amrock Ordered to Pay $740 Million to HouseCanary in Trade Secret Misappropriation Case

November 9, 2018 - from HousingWire

On October 25, 2018, a judge in Texas’ 73rd District Court in Bexar County upheld a $706.2 million jury verdict and issued a final judgment ordering insurance firm Amrock to pay an additional $33.5 million in prejudgment interest and attorneys’ fees to real estate analytics firm HouseCanary Inc. The case began in 2016 when HouseCanary alleged that Amrock misappropriated trade secrets related to real estate valuation technology for use in a competing software and analytics product.

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