A pair of lawsuits from tenants across the U.S. allege that landlords use rent-setting software to illegally collude and boost their rents.
One lawsuit was filed in a district court in Tennessee and one in Washington. Both lawsuits were filed a year ago after a ProPublica investigation revealed that real estate software and analytics company RealPage’s rent-setting software, formerly called YieldStar, was artificially raising rents by sharing market data from competitors and setting prices for them, as well as sometimes encouraging landlords to leave units vacant.
Over 20 lawsuits from renters across the country alleging RealPage committed antitrust violations were consolidated in April in Tennesse’s Middle District, chosen for its central location. The United States Department of Justice filed a notice on October 17 asking for permission to participate in oral arguments on December 11. The court approved the government’s request, and the DOJ has until November 15 to submit a formal statement of intent if it wants to participate.
American Buddhist Net 