The DOJ alleges RealPage colluded with landlords to inflate rental housing prices, harming millions of Americans.
The Justice Department on Friday filed an antitrust lawsuit against RealPage, a property management software provider, alleging it enabled a collusion among landlords to inflate rents for millions of Americans. The complaint claims the Richardson, Texas-based company and its competitors engaged in a price-fixing scheme by sharing nonpublic, sensitive information, which RealPage's algorithmic pricing software used to generate pricing recommendations.
'Deputy Attorney General Lisa Monaco said RealPage violated a century-old law in a modern way, by using an AI-powered algorithm to coordinate rent prices, 'undermining competition and fairness for consumers in the process.''Training a machine to break the law is still breaking the law. Today's action makes clear that we will use all our legal tools to ensure accountability for technology-fueled anticompetitive conduct,' she said in a statement.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Justice Department antitrust suit against RealPage alleges collusion with landlordsThe suit alleges the software company colluded with landlords to raise rents.
Lire la suite »
Justice Department accuses RealPage of violating antitrust laws through scheme to hike rentsWASHINGTON (AP) — The Justice Department filed an antitrust lawsuit Friday against real estate software company RealPage Inc., accusing it of an illegal
Lire la suite »
Justice Department accuses RealPage of violating antitrust laws through scheme to hike rentsThe Justice Department has filed an antitrust lawsuit against real estate software company RealPage, accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices.
Lire la suite »
Justice Department accuses RealPage of violating antitrust laws through scheme to hike rentsThe Justice Department has filed an antitrust lawsuit against real estate software company RealPage, accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices.
Lire la suite »
Justice Department accuses RealPage of violating antitrust laws through scheme to hike rentsThe Justice Department has filed an antitrust lawsuit against real estate software company RealPage, accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices.
Lire la suite »
Justice Department accuses RealPage of violating antitrust laws through scheme to hike rentsThe Justice Department has filed an antitrust lawsuit against real estate software company RealPage, accusing it of an illegal scheme that allows landlords to coordinate to hike rental prices. The lawsuit accuses the company of violating antitrust laws through its algorithm that landlords use to get recommended rental prices for apartments.
Lire la suite »