MFI-Miami Blog

Texas Judge Orders Dan Gilbert’s Amrock Title To Pay $740 million to HouseCanary In Software Stealing Case A Texas judge has ordered the Dan Gilbert-owned Amrock Title (f/k/a Title Source) $740 million in a software stealing case. Gilbert’s lawyers tried to have the court vacate a  jury’s earlier decision from March. A jury ordered Amrock Title to pay   $706.2 million to HouseCanary   in March after it found that Amrock Title fraudulently misappropriated HouseCanary’s real estate valuation technology and appraisal analytics. breached confidentiality and other agreements between the parties. Amrock questioned the jury’s decision. However, Judge David Canales of the 73rd District Court in Bexar County denied Amrock’s request to vacate the jury’s decision. As a result, he handed down a final judgment in the case. Judge Canales ordered Amrock Title to pay nearly $740 million. This included the $706,200,000 in actual and punitive da...

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