The Washington Post on Nostr: U.S. antitrust case alleges rent collusion enabled by tech firm’s software ...
U.S. antitrust case alleges rent collusion enabled by tech firm’s software
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The Justice Department and attorneys general from eight states are suing Texas-based RealPage for allegedly enabling rent collusion among landlords through its software; the lawsuit was filed on August 23, 2024, in the Middle District of North Carolina; RealPage's software reportedly maximizes profits for landlords and avoids competition; U.S. Attorney General Merrick Garland stated that using software does not exempt the scheme from Sherman Act liability; RealPage has faced lawsuits since autumn 2022 after a ProPublica investigation; notable lawsuits include those from D.C. Attorney General Brian Schwalb in November 2023 and Arizona Attorney General Kris Mayes in February; Gene Kimmelman emphasized the role of algorithms in facilitating illegal collusion; legal expert Jay Ezrielev criticized the DOJ's approach as a significant expansion of antitrust doctrine.
#Antitrust #Realpage #Lawsuit #Collusion #RentalPrices #JusticeDepartment #Software #Landlords #ShermanAct #Competition
https://www.washingtonpost.com/business/2024/08/23/justice-department-realpage-lawsuit-rent/
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The Justice Department and attorneys general from eight states are suing Texas-based RealPage for allegedly enabling rent collusion among landlords through its software; the lawsuit was filed on August 23, 2024, in the Middle District of North Carolina; RealPage's software reportedly maximizes profits for landlords and avoids competition; U.S. Attorney General Merrick Garland stated that using software does not exempt the scheme from Sherman Act liability; RealPage has faced lawsuits since autumn 2022 after a ProPublica investigation; notable lawsuits include those from D.C. Attorney General Brian Schwalb in November 2023 and Arizona Attorney General Kris Mayes in February; Gene Kimmelman emphasized the role of algorithms in facilitating illegal collusion; legal expert Jay Ezrielev criticized the DOJ's approach as a significant expansion of antitrust doctrine.
#Antitrust #Realpage #Lawsuit #Collusion #RentalPrices #JusticeDepartment #Software #Landlords #ShermanAct #Competition
https://www.washingtonpost.com/business/2024/08/23/justice-department-realpage-lawsuit-rent/