in News > Residential Mortgage
print the content item
Move Inc., a provider of real estate websites such as Realtor.com (the website for the National Association of Realtors [NAR]), has filed a lawsuit against Zillow Inc. and Errol Samuelson in the Superior Court of King County, Wash., for breach of contract, breach of fiduciary duty and misappropriation of trade secrets, among others actions.

NAR and its subsidiary Realtors Information Network Inc. joined as plaintiffs in the suit.

Recently, Samuelson was named chief industry development officer of Zillow. He previously served as president of Realtor.com since 2007 and was appointed chief strategy officer of Move in 2013, after having joined in 2003.

"At Move, we take our trade secrets and intellectual property extremely seriously as a valuable asset in our competitive position in the marketplace," says Steve Berkowitz, CEO of Move. "We take action in cases in which we believe our trade secrets have been compromised. We have raised this matter for the courts and believe that the matter will be resolved judiciously."

Meanwhile, Zillow has appointed a new vice president of industry development: Curt Beardsley, who is former executive vice president of industry development at Move.

At the beginning of March, Beardsley was promoted to this position at Move after Samuelson resigned from the company.

Zillow says Beardsley will be responsible for building and strengthening Zillow's relationships with multiple listing services (MLSs) and other industry partners.

Prior to Move, Beardsley founded True North Technology in 1994, where he developed and deployed the first major Internet-based MLS system in the U.S., according to Zillow.


Are You Fully Prepared for a CFPB Exam?_id1237


Latest Top Stories

The 'Widespread Contagion' Of Foreclosure Is Now Contained

RealtyTrac says in its midyear report that foreclosure activity has dwindled back down to historic levels and that it is on track to continue the pace.


New Housing Finance Reform Bill Introduced In Congress

Three congressmen are taking a new crack at balancing public and private involvement in housing finance.


Julian Castro Confirmed As HUD Secretary

The 39-year-old, third-term mayor of San Antonio will replace current HUD Secretary Shaun Donovan, who will next lead the White House Office of Management and Budget.


'Middle Ground' GSE Reform Proposal Would Keep Fannie, Freddie Alive

Proposal provides an explicit government guarantee "but taxpayer money will be protected through adequate private-sector capital and accurate pricing of government reinsurance."


Could Supreme Court Decision Lead To Revocation Of CFPB Rules?

"The Supreme Court decision on the Cordray recess appointment casts doubt that actions taken by the CFPB, via its first and only director, are valid..." said Michelle Garcia Gilbert, managing partner with Tampa, Fla.-based Gilbert Garcia Group.

LenderLive_id1241
Hse SandyHook
Industry Resource
Orb Mobile
Safeguard_id1295
BSI_id
CMBA_id1228