DOJ Sues Real Estate Software Firm Over Alleged Anticompetitive Algorithm
The lawsuit alleges the firm’s pricing algorithm allows landlords to coordinate in raising rent. The Department of Justice (DOJ) has brought an antitrust lawsuit against real estate software company RealPage, alleging in an Aug. 23 complaint that its rental price algorithm allows landlords to illegally coordinate rent increases. “We allege that RealPage’s pricing algorithm enables