In 2015, HouseCanary was contracted by Title Source to develop software to provide appraisal and real estate valuations. At the conclusion of 18 months of work, Title Source refused to pay HouseCanary and instead sued them in Bexar County, Texas, as a declaratory judgment to get out of paying contract fees for using HouseCanary’s real estate data, analytics, and valuation technology. HouseCanary countersued and, in doing so, discovered that Title Source misappropriated HouseCanary’s trade secrets, breaking multiple previously signed agreements governing non-disclosure and limiting Title Source’s use of HouseCanary’s information. The trade secrets relate to HouseCanary’s technology to provide highly accurate automated property valuations and related information. Title Source and its family of companies (including Quicken Loans) wanted access to HouseCanary’s technology and data to develop its own competing analytics and software.
Complaint: http://tsi.brooklaw.edu/sites/tsi.brooklaw.edu/files/filings/housecanary-inc-v-quicken-loans-inc-et-al/20180316complaint.pdf