Amrock Title Hit With $706 Million Judgment For Stealing Trade Secrets

Dan Gilbert Owned Amrock Title Hit With $706 Million Judgment By Texas Jury In Software Stealing Case

AmrockDan Gilbert-owned Amrock Title has been ordered to pay $706.2 million to a tech startup. A Texas jury found this week that Amrock had stolen trade secrets from a real estate data firm.
The jury awarded HouseCanary $235.4 million for misappropriation of the trade secrets and fraud. The jury also awarded the company $471.4 million in punitive damages.
The case stems from a 2015 contract between Title Source, now known as Amrock and HouseCanary. The contract was to develop software to provide appraisal and real estate valuations.
Amrock CEO Jeff Eisenshtadt reacted like a typical Gilbert Kool-Aid drinker. He called the verdict, “a travesty of justice” 
Additionally, Eisenshtadt sted:
HouseCanary made several unkept promises leading us to file a contract claim. However, when we asked the court to intervene, a local attorney and professional plaintiff law firm spun a distorted and twisted counterclaim narrative.

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