By Golden State Today |
Aug 23, 2024
California Attorney General Rob Bonta, in collaboration with the U.S. Department of Justice and a bipartisan coalition of eight attorneys general, has filed a lawsuit against RealPage, a revenue management software company. The lawsuit alleges that RealPage enabled landlords to artificially raise rents through a pricing alignment scheme, facilitated by the illegal sharing of confidential pricing and supply information. This practice is said to have decreased competition, limited price negotiation, and increased rental prices across California, particularly in Southern...