The Department of Justice (DOJ) and eight states filed a civil antitrust lawsuit against RealPage Inc., alleging unlawful competition practices.
The DOJ, joined by ten states, filed an amended complaint alleging participation of several landlords in a price-fixing scheme using RealPage software.
The landlords shared sensitive information through RealPage's pricing algorithm to decrease competition and increase corporate profits.
A proposed consent decree with Cortland Management was announced, resolving claims in exchange for cooperation with the DOJ's ongoing investigation.