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International Business Times
International Business Times
World
John BIERS

US Alleges Software Scheme To Raise Rent Prices

US Attorney General Merrick Garland speaks alongside Assistant Attorney General Jonathan Kanter to unveil charges against RealPage (Credit: AFP)

US prosecutors unveiled sweeping antitrust charges Friday against a property management software company that they allege employs algorithms to enable collusion among landlords, harming renters across numerous US markets.

The Department of Justice, joined by eight US states, filed a civil lawsuit against Texas-based RealPage, which maintains an alleged "monopoly" over commercial revenue management software, according to a DOJ press release.

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