Justice Department Sues Six of the Nation’s Largest Landlords in Effort to Stop Alleged Price-Fixing in Rental Markets
The Department of Justice on Tuesday sued six of the nation’s largest landlords, accusing them of using a pricing algorithm to improperly work together to raise rents across the country. The lawsuit expands an antitrust complaint the department filed in August that accused property management software-maker RealPage of engaging in illegal price-fixing to reduce competition among landlords
US Justice Department accuses six major landlords of scheming to keep rents high
The U.S. Justice Department is suing several large landlords for allegedly coordinating to keep Americans’ rents high.
6 landlords with properties in Atlanta accused of sharing private renter information in federal lawsuit
Attorneys generals from 10 states also joined the suit, claiming the companies hurt "millions of American renters."
Justice Department adds six landlords to rental price lawsuit
The U.S. Department of Justice and 10 state attorneys general have ramped up their antitrust lawsuit against RealPage, a property management software compa
US Justice Department accuses 6 big landlords of colluding to keep rents high
Prosecutors said the landlords used an algorithm to help set rents and privately shared sensitive information with their own competitors to boost profits.
Justice Department Sues Landlords Over Rent-Fixing Scheme
The US Justice Department is taking legal action against several landlords accused of collaborating to artificially maintain high rent prices. This lawsuit emerges amidst a tough housing market where many renters find themselves spending over 30% of their income on rent and utilities.
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See what will happen to 2 Nigerians found guilty of fraud in United States
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