Title company that lost record $706M Bexar County verdict loses bid for new trial

The company on the hook for a record $706-million Bexar County jury verdict failed in its bid for a new trial.

State District Judge David A. Canales on Tuesday evening refused to grant a new trial to Amrock Inc., a Detroit company affiliated with mortgage lender Quicken Loans, which alleged there was fraud and collusion between witnesses during the original trial last year.

HouseCanary Inc., a real-estate analytics firm with a San Antonio office, won the jury verdict after alleging Amrock stole trade secrets and breached confidentiality agreements.

Amrock, a title insurance company formerly known as Title Source Inc., has indicated that it would appeal the massive verdict if the judge didn’t grant a new trial.

Read more: https://www.mysanantonio.com/business/local/article/Title-company-that-lost-record-706M-Bexar-13519013.php