Penalty Amount
$7,000,000
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.
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.
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.
Entity
LivCor, LLC
Industry
Real Estate"LivCor, LLC (LivCor)"
"$7 million settlement"
"used RealPage’s revenue management system to align rental prices with competing landlords by illegally sharing and gathering confidential pricing information"
"Cease use of any revenue management software that uses competitors’ nonpublic pricing data to generate rent recommendations"
"bipartisan coalition of nine attorneys general"
"attorneys general of North Carolina, California, Colorado, Connecticut, Illinois, Massachusetts, Oregon, and Tennessee"
$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.
This press release is about a court temporarily blocking the merger of Warner Bros. Discovery and Paramount Skydance Corporation based on antitrust concerns under the Clayton Act. It is not a privacy-related enforcement action. The Minnesota Attorney General joined a multistate coalition to challenge the merger, and the court granted a temporary restraining order.
$29.6M
Minnesota Attorney General Keith Ellison joined a 48-state coalition in a $29.6 million settlement with generic-drug manufacturer Glenmark to resolve allegations of a widespread conspiracy to artificially inflate and manipulate prices, reduce competition, and restrain trade for numerous generic prescription drugs. The settlement requires Glenmark to cooperate in ongoing multistate lawsuits and implement internal reforms to ensure compliance with antitrust laws.
The Minnesota Attorney General filed a lawsuit against Maduro Distributors, Inc. (doing business as Loon) for illegally manufacturing, distributing, and selling flavored vapes that appeal to minors, using flavors like 'Cotton Candy' and 'Blue Razz Slushy' and kid-friendly characters. The lawsuit also alleges Loon deceptively marketed its products as accepted for FDA approval when they were not. The state seeks a permanent injunction, civil penalties up to $25,000 per violation, restitution, and attorney fees.
$18.0M
A coalition of 42 state attorneys general reached a settlement with the bankruptcy trustee for 23andMe over a 2023 data breach that compromised the genetic data of 6.9 million customers. The settlement provides $18 million from bankruptcy funds, with Minnesota receiving $514,871, and imposes data security requirements on the successor entity, 23andMe Research Institute.
Attorney General Ellison and 48 other attorneys general called on the FCC to strengthen rules to cut off scammers' access to legitimate telephone numbers. The coalition is responding to the FCC's proposed rules to combat illegal robocalls and texts, which cost Americans nearly $2 billion last year.