
CCC, Tractable reach settlement in five-year court case
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Tractable and CCC recently notified the United States District Court for the Northern District of Illinois that the two parties have reached a settlement in a court case that has stretched more than five years.
CCC initially filed an intellectual property lawsuit against Tractable in October 2018. According to a complaint someone posing as “Jason Chen” with “JA Appraisal,” working on behalf of Tractable, bought a CCC One independent appraiser license in August 2017 and passed some of CCC’s trade secrets on to its London-based rival.
Two of the counts against Tractable were dismissed early in 2023.
Tractable, accused CCC of violating anti-trust laws in a motion for countersuit filed in March. The motion alleges CCC controls about 85% of the estimatics market.
Tractable said in its March filing that it suspected CCC of unlawful, anticompetitive behavior but previously didn’t have a factual basis as CCC produced “almost no documents” in answers during the suit.
“Once CCC started producing documents, however, the true scope of CCC’s anticompetitive behavior began to come to light,” the suit says. “CCC did not produce these documents willingly. Tractable was forced to compel CCC to produce documents from its executives revealing CCC’s anticompetitive conduct.”
The notice of settlement, filed Friday, doesn’t provide details on terms. It states that all matters related to the case have been resolved.
Both parties have been ordered to file their stipulation of dismissal by Feb. 25, according to a court order filed Tuesday.
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