Justice Department Sues Six of the Nation’s Largest Landlords in Effort to Stop Alleged Price-Fixing in Rental Markets
The Department of Justice on Tuesday sued six of the nation’s largest landlords, accusing them of using a pricing algorithm to improperly work together to raise rents across the country. The lawsuit expands an antitrust complaint the department filed in August that accused property management software-maker RealPage of engaging in illegal price-fixing to reduce competition among landlords
Justice Department sues landlords operating in Ohio for collaborating to keep rents high
The U.S. Justice Department announced this week it is suing six major apartment companies for practices that drive up prices and harm renters, including Ohioans. The Department of Justice filed an amended complaint in its lawsuit against real estate software company RealPage,
Illinois joins Justice Department lawsuit against RealPage and big landlords
The real estate companies kept rents high with RealPage's software and by sharing information, the antitrust complaint says.
Justice Department accuses 6 major landlords of keeping rents high
The lawsuit arrives as U.S. renters continue to struggle. The latest figures show that half of American renters spent more than 30% of their income on rent and utilities in 2022, an all-time high.
US Justice Department accuses 6 big landlords of colluding to keep rents high
Prosecutors said the landlords used an algorithm to help set rents and privately shared sensitive information with their own competitors to boost profits.
Department of Justice expands lawsuit against RealPage
The lawsuit includes six major landlords and property managers. Wildfires in Los Angeles, California I’m a Car Expert: 3 Reasons I’d Never Buy a Used Car From a Dealership A Two-Hour Arrest Rocks Venezuela as Maduro Targets Opposition Missing Australian hiker found after surviving two weeks on muesli bars and berries Parents,
Department of Justice files lawsuit against 6 of nation's largest landlords for price fixing
Rents are rising, and in some cases, the Justice Department says it may be illegal. On Tuesday, the DOJ filed an antitrust lawsuit against six major landlords. It accuses them of working together to keep rent prices high.
Justice Department Sues Landlords Over Rent-Fixing Scheme
The US Justice Department is taking legal action against several landlords accused of collaborating to artificially maintain high rent prices. This lawsuit emerges amidst a tough housing market where many renters find themselves spending over 30% of their income on rent and utilities.
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DC residents react to DOJ suing six landlords for colluding to keep rental prices high
High rent prices in D.C. have long frustrated residents in the District. “When I was looking at prices, I said, ‘Can you ...
Colorado, Justice Department add Greystar, Cortland and other large landlords to apartment price-fixing suit
Several large landlords allegedly colluded in an effort to keep apartment rents high, including by using an algorithm that ...
NC accuses 6 landlords of ‘illegally working together’ to raise rents in RealPage lawsuit
An amended complaint names six landlords as defendants in ongoing litigation that North Carolina and several other states, ...
DOJ, 10 State AGs File Amended Antitrust Complaint Against RealPage and Big Landlords
The amended complaint alleges RealPage coordinated with big landlord companies in an unlawful scheme to decrease competition ...
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6 Major Landlords Accused Of Anticompetitive Behavior In DOJ’s Reinvigorated RealPage Investigation
Greystar, Blackstone, Camden Property Trust and Cushman & Wakefield are among the firms added to the suit that alleges ...
Big landlords like Greystar, Cushman & Wakefield targeted by NC in lawsuit
The landlords named in the updated lawsuit are: Greystar Real Estate Partners LLC; Blackstone ’s LivCor LLC; Camden Property ...
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DOJ sues major landlords over alleged algorithmic pricing scheme
US Department of Justice sues RealPage and six landlords for anticompetitive scheme that raised rental prices for millions of Americans.
DOJ amends RealPage complaint to include 6 major landlords
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Three firms with 5,400+ Central Mass. apartments facing DOJ lawsuit over rent-fixing scheme
Some of the largest and most prominent Central Massachusetts apartment communities are managed by firms accused by the ...
‘Absolutely egregious’: North Carolina attorney general sues landlords over alleged rent raising collusion
North Carolina’s attorney general says six landlords operating in the state – including two with properties in southeast ...