The Justice Department has filed an antitrust lawsuit against RealPage Inc., alleging the company's algorithm allows landlords to illegally coordinate rental price increases.
Attorney General Merrick Garland stated, 'Americans should not have to pay more in rent because a company has found a new way to scheme with landlords to break the law.'
RealPage has countered that its pricing software is not contributing to illegal price fixing, arguing that landlords maintain autonomy over their pricing decisions.
One RealPage executive claimed, 'There is greater good in everybody succeeding versus essentially trying to compete against one another in a way that actually keeps the entire industry down.'
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