Photo: Sutthiphong/Adobe Stock DOJ, 8 State AGs Sue RealPage for Alleged Sherman Act Violations in Algorithmic Pricing Scheme
The 110-page document contends that RealPage, which is based in Richardson, Texas, and is owned by private equity firm Thoma Bravo, violated Sections 1 and 2 of the Sherman Act and "has built a business out of frustrating the natural forces of competition." Counsel has yet to appear for the defendant.
August 24, 2024 at 01:01 AM
4 minute read
Real Estate
The original version of this story was published on The Recorder
What You Need to Know
- The DOJ and eight state attorneys general filed a civil antitrust suit against property management software company RealPage.
- The complaint contends that the company conspired with landlords to artificially inflate rental prices through the use of algorithmic software.
- The DOJ has previously submitted multiple statements of interest supporting plaintiffs in class actions alleging similar claims.
The Department of Justice and eight states have sued RealPage, a real estate software company, for allegedly colluding with landlords to artificially hike rental prices through an algorithmic pricing scheme.
The DOJ and the attorneys general of California, Colorado, Connecticut, Minnesota, North Carolina, Oregon, Tennessee and Washington filed a civil antitrust complaint on Friday in the U.S. District Court for the Middle District of North Carolina. The 110-page document contends that RealPage, which is based in Richardson, Texas, and is owned by private equity firm Thoma Bravo, violated Sections 1 and 2 of the Sherman Act and "has built a business out of frustrating the natural forces of competition." Counsel has yet to appear for the defendant.
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
After Solving Problems for Presidents, Ron Klain Now Applying Legal Prowess to Helping Airbnb Overturn NYC Ban
7 minute read
DOJ, 10 State AGs File Amended Antitrust Complaint Against RealPage and Big Landlords
4 minute read
Eversheds Sutherland Moving After 36 Years to Smaller Atlanta Office
4 minute read
Insurers Dodge Sherwin-Williams' Claim for $102M Lead Paint Abatement Payment, State High Court Rules
Law Firms Mentioned
Trending Stories
- 1Court Rejects San Francisco's Challenge to Robotaxi Licenses
- 2'Be Prepared and Practice': Paul Hastings' Michelle Reed Breaks Down Firm's First SEC Cybersecurity Incident Disclosure Report
- 3Lina Khan Gives Up the Gavel After Contentious 4 Years as FTC Chair
- 4Allstate Is Using Cell Phone Data to Raise Prices, Attorney General Claims
- 5Epiq Announces AI Discovery Assistant, Initially Developed by Laer AI, With Help From Sullivan & Cromwell
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
