Rocket Companies subsidiary hit with $175 mln trade-secrets verdict

Rocket Companies

09/03/2026 15:37

By Blake Brittain

March 9 (Reuters) - A jury in San Antonio, Texas, said late on Friday that Rocket Companies RKT.N subsidiary Rocket Close stole trade secrets from real estate data platform HouseCanary and awarded $175 million in damages.

The verdict followed a retrial in the 10-year-old case, which involved allegations that Rocket Close stole technology from HouseCanary related to valuing home prices. Rocket Close provides title insurance services and rebranded from Amrock last year.

A Texas appeals court in 2020 threw out an earlier $700 million verdict against Amrock in the case.

"While disappointing, the dramatic reduction in award demonstrates how inflated HouseCanary’s claims have always been," Rocket Close said in a statement. "We are confident this verdict will be overturned on appeal, just as it was before."

HouseCanary attorney Max Tribble of Susman Godfrey said he was "extremely grateful that a jury has once again found HouseCanary developed valuable trade secrets that were stolen and misused by Amrock."

(Reporting by Blake Brittain in Washington)

((blake.brittain@tr.com; +1 (202) 938-5713))