June 4, 2020

Texas Court of Appeals reverses $470.8 million punitive damages award against title insurer

One of the largest punitive damages awards in recent years has been reversed by the Texas Court of Appeals. 

Last summer a Texas state court jury awarded a total of $706.2 million, including $470.8 million in punitive damages, in a lawsuit claiming that title insurer Amrock misappropriated trade secrets from tech firm HouseCanary, Inc.  Yesterday the entire judgment was reversed due to an error in the jury instructions on the liability issues.  Blooomberg Tech has the story here.