Landmark Lawsuit Claims Tech Software Sparked Nationwide Rent Collusion Scandal
Washington — In a landmark case, federal regulators have filed a lawsuit against a leading technology company, alleging its software tools facilitated unlawful rent collusion among large U.S. property management firms. The case highlights growing concerns around the use of automated technology in setting rental prices across the nation. According to documents filed in court this week, the software in question purportedly allowed companies to share sensitive rental pricing information with each other. This process allegedly enabled a pattern of price-fixing, artificially inflating costs for renters and violating antitrust laws aimed at protecting free market … Read more