Real estate, Merrick Garland, Biden administration, Business, US news Business | The Guardian
DoJ lawsuit claims firm’s algorithm helps landlords coordinate rental prices and violates antitrust lawsThe US Department of Justice filed an antitrust lawsuit on Friday against the real estate software company RealPage Inc, accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices.The lawsuit, filed alongside attorneys general in states including North Carolina and California, accuses the company of violating antitrust laws through its algorithm that landlords use to get recommended rental prices for apartments. Continue reading…
DoJ lawsuit claims firm’s algorithm helps landlords coordinate rental prices and violates antitrust laws
The US Department of Justice filed an antitrust lawsuit on Friday against the real estate software company RealPage Inc, accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices.
The lawsuit, filed alongside attorneys general in states including North Carolina and California, accuses the company of violating antitrust laws through its algorithm that landlords use to get recommended rental prices for apartments.
