Penalty Amount
$7,000,000
Connecticut Attorney General William Tong joined a bipartisan coalition of nine states in a $7 million settlement with Greystar Management Services LLC, the largest U.S. landlord, for anticompetitive algorithmic pricing practices. Greystar shared competitively sensitive data with competitors via RealPage's algorithms and discussed pricing strategies, leading to inflated rents. The consent decree prohibits such conduct, requires monitoring if using uncertified algorithms, and bars participation in RealPage competitor meetings.
Greystar must pay $7 million to the states, refrain from using anticompetitive algorithms that incorporate competitor data or features, stop sharing competitively sensitive information, accept a court-appointed monitor if using a non-certified third-party pricing algorithm, avoid RealPage-hosted competitor meetings, and cooperate with the ongoing case against RealPage.
In-house legal teams should review vendor agreements with third-party pricing algorithm providers (e.g., RealPage), internal compliance policies, and any agreements involving data sharing with competitors. Key clauses to scrutinize include data sharing provisions, algorithm usage and certification terms, pricing coordination restrictions, and clauses governing participation in industry meetings or competitor communications. Changes may be needed to explicitly prohibit sharing competitively sensitive data, require pre-approval or certification of pricing algorithms, implement audit and monitoring rights, and ban discussions of pricing strategies with competitors to align with the consent decree's requirements.
Entity
Greystar Management Services LLC
Also known as: Greystar
Industry
Real EstateOfficial Press Release
https://portal.ct.gov/ag/press-releases/2025-press-releases/attorney-general-tong-announces-settlement-with-landlord-over-algorithmic-pricing-scheme
greystar.pdf?rev=08ab78c1127e421f8cc53999e31a1d10&hash=3BC01
https://portal.ct.gov/-/media/ag/press_releases/2025/greystar.pdf?rev=08ab78c1127e421f8cc53999e31a1d10&hash=3BC01962F47009654EAB967CE0DCBC61
Connecticut Attorney General Enforcement Page
https://portal.ct.gov/AG/Privacy/Privacy-Resources
"Greystar Management Services LLC"
"$7 million settlement"
"shared competitively sensitive data to generate pricing recommendations using RealPage’s algorithms"
"discussed competitively sensitive topics—including pricing strategies, rents, and selected parameters for RealPage’s software—directly with each other"
$7.0M
California Attorney General Rob Bonta announced a $7 million settlement with Greystar Management Services LLC for using RealPage's algorithmic software to illegally align rent prices with competitors by sharing confidential pricing information, violating antitrust laws. Greystar must cease using such anticompetitive algorithms, refrain from data sharing, accept monitoring, and cooperate in the ongoing case against RealPage.
$29.6M
Attorney General Jennifer Davenport joined a coalition of 48 states and territories in a $29.6 million settlement with Glenmark, a generic drug manufacturer, for allegedly conspiring to artificially inflate and manipulate prices, reduce competition, and restrain trade for numerous generic prescription drugs. The settlement includes cooperation in ongoing litigations and internal reforms to ensure fair competition.
$29.6M
Attorney General William Tong led a coalition of 48 states and territories in a $29.6 million settlement with Glenmark, a generic drug manufacturer, to resolve allegations of a widespread conspiracy to artificially inflate prices, reduce competition, and unreasonably restrain trade for numerous generic prescription drugs. The settlement includes cooperation from Glenmark in ongoing multistate litigations and internal reforms to ensure fair competition and compliance with antitrust laws.
$18.0M
Attorney General William Tong led a coalition of 42 attorneys general in a settlement with the bankruptcy trustee for 23andMe, resolving allegations from a 2023 data breach that compromised the genetic data of 6.9 million customers. The settlement includes $150 million in allowed claims, with $18 million paid from bankruptcy funds, and requires enhanced data security measures for the new entity holding the data.
Attorney General William Tong joined a coalition of 12 attorneys general in suing to block the $110 billion acquisition of Warner Bros. Discovery, Inc. by Paramount Skydance Corporation. The lawsuit alleges the merger violates Section 7 of the Clayton Act by substantially lessening competition in theatrical film distribution and basic cable television licensing, which would harm consumers through higher prices and reduced quality.
Attorney General William Tong and 48 other attorneys general submitted comments to the FCC urging stronger rules to prevent scammers from accessing legitimate telephone numbers for illegal robocalls. The coalition is responding to the FCC's proposed rules and asks for measures such as stronger certification, reporting, and prohibitions on number cycling.