Houston firm to pay millions as part of ruling

A federal judge in Sherman on Thursday awarded Plano-based property management software company ResMan $62.5 million and permanently enjoined ResMan’s courtroom opponents, Houston-based Karya Property Management and Expedien, from accessing and using ResMan’s confidential information.

The final judgment follows a jury trial this spring that found Karya and Expedien improperly accessed ResMan’s confidential software to develop a rival product. The five-woman, three-man jury awarded ResMan $152 million. U.S. District Judge Amos Mazzant’s $62.5 million award reflects what is allowed under the law.

The plaintiff is entitled to attorneys’ fees, and on Thursday, ResMan’s lawyers asked the court to award $14.8 million in attorneys’ fees and other costs.

“ResMan is very pleased with the final judgment and permanent injunction,” Maria Wyckoff Boyce, a Hogan Lovells partner and ResMan’s lead attorney, said in a statement.

In a statement, Swapnil Agarwal, chief executive of Karya Property Management and its sister company, Nitya Capital, said only that plans at the companies would not be impacted by the judgment. Nitya was not involved in the ResMan suit.

“Nitya is in the process of closing deals worth $650 million in the next 45 days,” he said, adding that the company is expanding in Orlando, Fla., with the purchase of 1,600 apartment units and in Dallas with the purchase of 2,500 units.