U.S. Accuses Software Maker RealPage of Enabling Collusion on Rents; The New York Times, August 23, 2024

Danielle KayeLauren Hirsch and David McCabe , The New York Times; U.S. Accuses Software Maker RealPage of Enabling Collusion on Rents

"The Justice Department filed an antitrust lawsuit on Friday against the real estate software company RealPage, alleging its software enabled landlords to collude to raise rents across the United States.

The suit, joined by North Carolina, California, Colorado, Connecticut, Minnesota, Oregon, Tennessee and Washington, accuses RealPage of facilitating a price-fixing conspiracy that boosted rents beyond market forces for millions of people. It’s the first major civil antitrust lawsuit where the role of an algorithm in pricing manipulation is central to the case, Justice Department officials said."