DOJ Files Antitrust Suit Against RealPage
DOJ Files Antitrust Suit Against RealPage
DOJ Files Antitrust Suit Against RealPage
News summary

The U.S. Justice Department, along with eight states, has filed a lawsuit against RealPage, a Texas-based software company, accusing it of violating antitrust laws by enabling landlords to collude and inflate rental prices through its pricing algorithm. The DOJ alleges that RealPage’s software allows landlords to share confidential information, thereby manipulating market competition and raising rents. This action marks the first federal antitrust case targeting software algorithms used for price-fixing. RealPage, which commands a significant market share in rental pricing software, has denied the allegations, claiming its software is legally compliant and beneficial in competitive markets. The lawsuit follows a two-year investigation and previous raids and lawsuits against property management companies using RealPage's software. The DOJ seeks to prohibit RealPage from continuing its alleged anticompetitive practices.

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