The Justice Department has filed a lawsuit against six major landlords for allegedly participating in anticompetitive practices within housing rental markets, highlighting the role of pricing software.
The focus of the lawsuit centers on RealPage, accused of facilitating collusion among landlords by sharing pricing information and influencing rental prices through its software.
RealPage, a property management software company, has denied the allegations, asserting that its practices are in line with legal guidelines and do not promote collusion.
Cortland Management is the only one of the six companies that has chosen to settle the claims brought forward by the Justice Department against them.
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