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
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.
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