Reported 1 day ago
The U.S. Justice Department has filed a proposed settlement against apartment manager Greystar, addressing allegations of algorithmic collusion and anticompetitive practices in rental markets. If approved, Greystar would be prohibited from using anticompetitive algorithms based on competitors’ data and must cooperate with ongoing lawsuits, including one against RealPage. Additionally, Greystar has reached a related settlement offering significant monetary damages to affected renters. The company denies wrongdoing but aims to clarify its practices and focus on operations.
Source: YAHOO