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 [the] 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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