United States of America: Filed antitrust lawsuit against RealPage for algorithmic pricing scheme (United States v RealPage)

On 23 August 2024, the US Department of Justice along with the Attorneys General of North Carolina, California, Colorado, Connecticut, Minnesota, Oregon, Tennessee, and Washington, filed a civil a lawsuit against RealPage, a revenue management software company, for allegedly entering into an anticompetitive scheme with landlords to manipulate apartment prices and for monopolizing the market for commercial revenue management software. In particular, RealPage is accused of providing algorithmic models aiming to maximize prices for landlords by using confidential, competitively sensitive information through its pricing algorithm and sharing this data among subscribers.