The lawsuit alleges that RealPage and several of its clients were involved in an 'anticompetitive algorithmic pricing scheme that harms renters.' This conduct allegedly decreases competition among landlords in apartment pricing, ultimately harming millions of renters.
Massachusetts seeks to end the illegal conduct, restore competition in the rental market, and recover civil penalties of up to $5,000 per each violation committed by the defendants.
RealPage denies any wrongdoing, claiming that the technology used has been pro-competitive and responsible for years, attributing the housing crisis to lack of supply rather than their practices.
The lawsuit includes several states and claims the defendants operate over 1.3 million units in 43 states, illustrating the extensive reach of the alleged anticompetitive actions.
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