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SettlementHigh RiskMultistate

Minnesota AG settles with LivCor for $7 million over algorithmic rent alignment scheme

LivCor, LLCJune 18, 2026Minnesota Attorney General

Penalty Amount

$7,000,000

Summary

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.

Remedy

LivCor must pay $7 million in penalties and fees, cease use of any revenue management software that uses competitors' nonpublic pricing data, refrain from sharing competitively sensitive pricing information with rivals, establish an antitrust compliance and training program, accept a court-appointed monitor if it uses a third-party pricing algorithm not certified per the consent decree, and cooperate fully with the states' ongoing litigation against RealPage and remaining defendants.

Monetary PenaltyInjunctionCompliance ProgramReporting Requirements

Contract Impact

In-house legal teams should review vendor agreements with property management software providers, particularly any revenue management or pricing algorithm services. Key clauses to examine include data sharing provisions (whether the vendor shares nonpublic pricing data with competitors), confidentiality obligations (ensuring competitively sensitive information is not disclosed), and compliance with antitrust laws. Additionally, contracts should include representations and warranties that the vendor's software does not facilitate price fixing or collusion, and require the vendor to certify that its algorithms do not use competitors' data. Any agreements with third-party pricing algorithm providers should be scrutinized for similar risks.

Contract Search Terms

revenue management softwarealgorithmic pricingcompetitively sensitive informationnonpublic pricing dataantitrust compliance programthird-party pricing algorithmdata sharing with competitorsrent price alignmentRealPage

Laws Cited

Minnesota Antitrust LawFederal Antitrust Law

Violation Types

Entity Details

Entity

LivCor, LLC

Industry

Real Estate

Multistate Coalition

Official Sources

Source Evidence

Entity Name
"LivCor, LLC (LivCor)"
Fine Amount
"$7 million settlement"
Violation Types
"used RealPage’s revenue management system to align rental prices with competing landlords by illegally sharing and gathering confidential pricing information"
Remedy Types
"Cease use of any revenue management software that uses competitors’ nonpublic pricing data to generate rent recommendations"
Is Multistate
"bipartisan coalition of nine attorneys general"
Co Enforcers
"attorneys general of North Carolina, California, Colorado, Connecticut, Illinois, Massachusetts, Oregon, and Tennessee"

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LivCor, LLC

$7.0M

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.

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