The suit alleges the software company colluded with landlords to raise rents.
Friday against RealPage, alleging the real estate software company engaged in a complex collusion scheme with landlords that resulted in higher prices for renters across the country.
While the company has faced civil lawsuits before at the state level over allegations of collusion, officials said the suit appears to be the first federal one of its kind involving such an advanced algorithmic collusion scheme. “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,” Attorney General Merrick Garland said in a statement announcing the lawsuit. “We allege that RealPage’s pricing algorithm enables landlords to share confidential, competitively sensitive information and align their rents.
While it's not immediately clear what the department will ultimately demand of the company if a judge finds its actions violated antitrust laws, the Justice Department said in a release it will seek an order that RealPage cease in its alleged collusion with landlords "and restore competition for the benefit of renters in states across the country."
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