Real estate research company First American CoreLogic has sued eight rival
companies, including Zillow.com, for patent infringement, claiming to own
the rights to the "automated valuation model" these companies use to
estimate property values.At issue is ownership of a complex mathematical model. Besides Zillow,
CoreLogic is suing Fiserve, IntelliReal, Interthinx, Lender Processing
Services, Precision Appraisal Services, Real Data, and Realec Technologies. The suit demands that these companies stop using the model and pay treble
damages for loss of profits.Source: Orange County Register, Jeff Collins (05/04/2010)
companies, including Zillow.com, for patent infringement, claiming to own
the rights to the "automated valuation model" these companies use to
estimate property values.At issue is ownership of a complex mathematical model. Besides Zillow,
CoreLogic is suing Fiserve, IntelliReal, Interthinx, Lender Processing
Services, Precision Appraisal Services, Real Data, and Realec Technologies. The suit demands that these companies stop using the model and pay treble
damages for loss of profits.Source: Orange County Register, Jeff Collins (05/04/2010)
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