The lawsuit against RealPage Inc. alleges that the company facilitates illegal coordination among landlords to fix rental prices through its pricing algorithm, undermining market competition.
Attorney General Merrick Garland stated that '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 asserted that the Justice Department's claims are 'devoid of merit' and criticized the lawsuit as a misrepresentation of their technology that aims to enhance market efficiency, not hinder it.
The complaint details how RealPage’s algorithm enables landlords to synchronize rental prices, which ultimately prevents healthy competition that could help lower rents across the industry.
[
Collection
]
[
|
...
]