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Enforcement ActionLow RiskMultistate

DOJ and State AGs Sue RealPage for Antitrust Rental Pricing Scheme

RealPage Inc.August 23, 2024Connecticut Attorney General

Summary

Attorney General William Tong, along with the U.S. Department of Justice and eight other state attorneys general, filed a civil antitrust lawsuit against RealPage Inc. for allegedly using its algorithmic pricing software to facilitate price fixing among landlords and monopolize the market for revenue management software. The complaint alleges that RealPage collects competitively sensitive rental data from landlords to train its algorithm, which then recommends prices, harming renters by reducing competition. The lawsuit seeks an injunction to end these practices and restore competition.

Remedy

The complaint seeks an injunction to prohibit RealPage from continuing its alleged antitrust violations, including the use of its pricing algorithm to coordinate rents and maintain its monopoly in the commercial revenue management software market.

Injunction

Laws Cited

Sherman Act
15 U.S.C. § 115 U.S.C. § 2

Violation Types

Entity Details

Entity

RealPage Inc.

Also known as: RealPage

Industry

Technology

Multistate Coalition

Official Sources

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