RealPage Rent-Pricing Multidistrict Litigation
RealPage · RealPage algorithmic rent-pricing software · Settlement Reached
About this case
A class action alleges that RealPage and property management companies used RealPage’s rental-pricing software to conspire to fix or inflate prices for multifamily rentals in violation of federal and state antitrust laws. The parties have agreed to a $359,925,000 settlement fund and changes to rental business practices, but court approval is still pending.
Case overview
- Defendant company
- RealPage
- Product or service
- RealPage algorithmic rent-pricing software
- Court case number
- 3:23-md-03071
- Case status
- Settlement Reached
- Lawsuit type
- Consumer
- Reported harm
- Competition Pricing
Participation information
Settlement claim process
The settlement reportedly includes renters in the United States and its territories whose properties are covered by the settlement. The article does not provide the specific class-period or property-coverage criteria.
Check whether the property is covered and file a claim. The settlement fund remains subject to court approval.
- Type
- Settlement Claim
- Total settlement amount
- $359,925,000
- Payout
- After taxes, administrative expenses, and attorneys’ fees, the remaining funds will be divided based on how much rent each person paid during the class period; the article states that people who paid more rent may receive larger payments.
- Reported proof requirement
- Unclear
Sources
- RealPage Rental Pricing Antitrust Settlement
Aol ·
- RealPage Rental Pricing Antitrust Settlement
WDIV ClickOnDetroit ·
- RealPage and UDR Seattle Rent-Pricing Class Action
AboutLawsuits.com ·