Company that makes rent-setting software for landlords sued for collusion
by ProPublica from Ars Technica - All content on (#652G1)
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Renters filed a lawsuit this week alleging that a company that makes price-setting software for apartments and nine of the nation's biggest property managers formed a cartel to artificially inflate rents in violation of federal law.
The lawsuit was filed days after ProPublica published an investigation raising concerns that the software, sold by Texas-based RealPage, is potentially pushing rent prices above competitive levels, facilitating price-fixing, or both.