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U.S. Justice Department settles with LivCor over alleged algorithmic rent-fixing using RealPage software.
The U.S. Justice Department has reached a proposed settlement with LivCor, a Blackstone-owned property manager, over allegations it used RealPage’s software to share private rental data and coordinate rent increases, violating antitrust laws.
The agreement, which requires LivCor to stop using third-party software for pricing based on competitors’ confidential data and implement compliance measures, is part of a broader federal effort to combat algorithmic collusion in the rental market.
The settlement does not include an admission of wrongdoing and is subject to court approval.
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El Departamento de Justicia de EE.UU. llega a un acuerdo con LivCor por el supuesto algoritmo de fijación de alquileres utilizando el software RealPage.