Armas Et Al V. Realpage Inc Et Al
The summary outlines a lawsuit against RealPage, a software platform used by property managers, and several large lessors for allegedly conspiring to fix rental prices in violation of Section 1 of the Sherman Act. The plaintiffs claim that property managers were coerced into following RealPage's rental pricing recommendations, facing disciplinary action for non-compliance, with the expectation that competing property managers would do the same. RealPage allegedly used additional mechanisms to facilitate coordination among cartel members and prevent cheating by conspiracy participants. The lawsuit seeks damages and injunctive relief on behalf of all others similarly situated. The complaint provides historical context on competition among residential property managers and describes how RealPage's revenue management service, which uses artificial intelligence, is the fulcrum of the alleged anticompetitive scheme.
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