Justice Department Sues Six Large Landlords for Algorithmic …
Jan 7, 2025 · The Justice Department, together with its state co-plaintiffs, filed an amended complaint today in its antitrust lawsuit against RealPage, to sue six of the nation’s largest landlords for participating in algorithmic pricing schemes that harmed renters.
DOJ Sues Large U.S. Landlords Over Alleged Price-Fixing
Jan 9, 2025 · Federal prosecutors allege that the landlords have used RealPage pricing software to collude and artificially raise rents. The legal action is the latest development stemming from a 2022 ...
RealPage accused of helping landlords collude to raise rents - NPR
Aug 24, 2024 · The U.S. Department of Justice announced Friday that it is suing the real estate company RealPage, saying it engaged in a price-fixing scheme to drive up rents.
U.S. Justice Department sues RealPage, alleging it enabled price-fixing …
Aug 23, 2024 · RealPage claims the allegations against the company are false, and insists that RealPage customers decide their own rent prices and can reject the algorithm's recommendations.
Justice Department Sues RealPage for Algorithmic Pricing Scheme …
Aug 23, 2024 · RealPage’s alleged conduct deprives renters of the benefits of competition on apartment leasing terms and harms millions of Americans. The lawsuit was filed today in the U.S. District Court for the Middle District of North Carolina and alleges that RealPage violated Sections 1 and 2 of the Sherman Act.
First settlements reached in RealPage rental price-fixing lawsuits
Feb 5, 2024 · Two companies that own and operate multifamily residential properties have agreed to settle claims that they artificially inflated rental prices using RealPage revenue management software.
Justice Department preparing rental market collusion lawsuit
Jul 12, 2024 · DOJ staff recently recommended a civil lawsuit against RealPage that would accuse the company of selling software that enables landlords to illegally share confidential pricing information in...
DOJ escalates price-fixing probe on housing market - POLITICO
Mar 20, 2024 · RealPage’s centralized pricing algorithm was allegedly used to set rents for more than 50,000 apartments, according to the D.C. complaint. The lawsuit describes RealPage as the “‘big tech’...
FBI raids landlord tied to price fixing scandal in 10 states - SFGATE
Jun 10, 2024 · The federal antitrust investigation of real estate software company RealPage heated up last month when the FBI raided major corporate landlord Cortland Management.
DOJ sues RealPage for rental-price fixing, but the company has ...
Aug 23, 2024 · The Department of Justice and eight states sued rental revenue management company RealPage in federal court August 23, accusing the software provider of turning landlords into price-fixing collaborators by enabling them to set prices in lockstep with one another based on what the software recommends.