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SettlementHigh RiskMultistate

Colorado AG announces $7M settlement with LivCor for algorithmic rent-fixing scheme

LivCor, LLCJune 18, 2026Colorado Attorney General

Penalty Amount

$7,000,000

Summary

Colorado Attorney General Phil Weiser, as part of a bipartisan coalition of nine attorneys general, announced a $7 million settlement with LivCor, LLC for its role in an algorithmic rent-fixing scheme. LivCor allegedly used RealPage's revenue management software to share and gather confidential pricing information with competing landlords, artificially inflating rental prices. The settlement requires LivCor to cease using such software, pay $7 million in penalties, and cooperate in ongoing litigation against RealPage.

Remedy

LivCor must pay $7 million in penalties and fees to the states, cease use of any revenue management software that uses competitors' nonpublic pricing data, refrain from sharing competitively sensitive pricing information, establish an antitrust compliance and training program, accept a court-appointed monitor if using uncertified third-party pricing algorithms, and cooperate fully with ongoing litigation.

Monetary PenaltyInjunctionCompliance ProgramReporting RequirementsBan

Contract Impact

In-house legal teams should review vendor agreements with property management software providers (like RealPage) to ensure clauses prohibit the sharing of competitively sensitive nonpublic pricing data. Key clauses to examine include data processing agreements, confidentiality provisions, and restrictions on using aggregated competitor data for pricing recommendations. Additionally, customer lease agreements should be reviewed for any references to algorithmic pricing, and antitrust compliance training programs should be mandated in vendor contracts. The consent decree's requirement for a court-appointed monitor if using uncertified third-party algorithms suggests that contracts should include certification requirements for any pricing software used.

Contract Search Terms

algorithmic pricingrevenue management softwarecompetitor data sharingpricing data confidentialityantitrust compliance programnonpublic pricing informationrent-setting algorithmdata aggregation clausethird-party pricing algorithmmonitor appointment clause

Laws Cited

Colorado Antitrust Act

Violation Types

Entity Details

Entity

LivCor, LLC

Industry

Real Estate

Multistate Coalition

Official Sources

Source Evidence

Entity Name
"LivCor, LLC"
Fine Amount
"$7 million settlement"
Violation Types
"used RealPage’s revenue management system to fix rental prices with competing landlords by illegally sharing and gathering confidential pricing information"
Laws Cited
"Colorado Antitrust Act"
Is Multistate
"bipartisan coalition of nine attorneys general"
Remedy Types
"cease use of any revenue management software that uses competitors’ nonpublic pricing data"

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Attorney General Ellison, as part of a bipartisan coalition of nine attorneys general, announced a $7 million settlement with property management company LivCor, LLC. The settlement resolves allegations that LivCor used RealPage's revenue management system to illegally share and gather confidential pricing information with competing landlords, enabling them to keep rental prices artificially high. LivCor must cease using such software, refrain from sharing competitively sensitive information, establish an antitrust compliance program, and cooperate in ongoing litigation against RealPage.

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