Will the DC Attorney General win his antitrust lawsuit against DC landlords?
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WASHINGTON, DC – Attorney General Brian L. Schwalb today announced a lawsuit against RealPage, Inc. (RealPage) and 14 of the largest residential landlords in the District for colluding to illegally raise rents for tens of thousands of DC residents by collectively delegating price-setting authority to RealPage, which used a centralized pricing algorithm to inflate prices, costing renters millions of dollars.
- https://oag.dc.gov/release/attorney-general-schwalb-sues-realpage-residential
- This market will be extended until the case is dismissed, settled, or a verdict is made and any appeals are complete.
- I will resolve YES for a guilty verdict or a settlement that involves a credible promise to stop the alleged anticompetitive behavior.
