Home / Business and Economy / Justice Dept. Settles With Rent Algorithm Firm
Justice Dept. Settles With Rent Algorithm Firm
25 Nov
Summary
- DOJ settled a lawsuit against RealPage for alleged illegal rent coordination.
- The case involved accusations of technology middlemen facilitating price hikes.
- This settlement closes a significant antitrust case from the Biden administration.
The Justice Department announced a settlement in its lawsuit against RealPage, an apartment-pricing company. The company had been accused of allowing landlords to illegally coordinate rental price increases through its algorithms.
This agreement, pending court approval, effectively closes one of the most substantial antitrust cases pursued by enforcers during the Biden administration. It represents an early legal challenge targeting technology intermediaries suspected of contributing to rising consumer costs.
The litigation centered on claims that RealPage's software artificially inflated rents. The resolution signifies a key moment in efforts to scrutinize the role of such platforms in market pricing.
