Jenner & Block

Firm Secures $130 Million Trade Secrets Settlement for News Corp’s Move, Inc.

Jenner & Block represented News Corp subsidiary Move, Inc., as well as the National Association of Realtors (NAR) and multiple subsidiary companies in a series of complex commercial and intellectual property disputes pending in Washington and California.  The cases involved the three most prominent websites and companies in the online real estate industry (Zillow.com, Realtor.com, and Trulia.com) and featured claims for the misappropriation of trade secrets, breach of fiduciary duty, unfair business practices, breach of contract, contractual interference, and other claims.  The lawsuits centered on Zillow’s $3.5 billion acquisition of Trulia and its development of several business lines.  The San Francisco case, Trulia v. Move, Inc., was dismissed after Trulia’s request for a preliminary injunction against Move was denied by the Court.  The Seattle case, Move, Inc., National Association of Realtors, et al. v. Zillow, Inc., et al., settled on the first day of the trial, June 6, 2016, resulting in Zillow’s payment of $130 million to end the trade secrets suit.

Led by Partners Richard L. Stone, David R. Singer and Brent Caslin, the Jenner & Block team included Partners Amy M. Gallegos, Daniel A. Rozansky and Andrew J. Thomas, and Associates Ethan A. Glickstein, Wesley M. Griffith, Christopher S. Lindsay, Jennifer Wagman Njathi, John Lee, Andrew G. Sullivan and Jeffrey A. Atteberry.  Valuable contributions came from Partners Casey T. Grabenstein, Rick Richmond, Nick G. Saros, Julie Ann ShepardAdam G. Unikowsky, Rachel S. Morse and L. David Russell.