US Justice Department Reaches Settlement with LivCor Over Rental Price Fixing Claims
The Justice Department has announced a proposed consent decree with LivCor, one of the largest landlords in America, to address allegations related to information sharing and algorithmic coordination that contributed to rental price fixing. This settlement follows similar actions against other firms in the real estate sector, signaling that the DOJ is taking a firm stance against alleged anticompetitive practices, while also noting that not all forms of algorithmic pricing are considered inherently illegal. The agreement is viewed as a critical step in regulating the rental market and addressing concerns about rising rent costs.
Department of Justice (.gov), Reuters, Duane Morris LLP, wibqam.com, Law360, alternet.org, MLex, MSN