In Re Real Page, Inc., Rental Software Antitrust Litigation (2022)

In October 2022, after a year-long investigation conducted by JCL, national private firms Hausfeld, Berger Montague, Lieff Cabraser, and JCL filed a national federal antitrust class action against RealPage, Inc. (“RealPage”) and several of RealPage’s property management clients alleging that they coordinated to drive rents up to unprecedented levels, exacerbating the nation's affordable housing crisis.  The complaint asserts that Defendants conspired to use RealPage’s “revenue management” service to set rental prices and restrict the supply of available rental units in major metropolitan areas across the United States. Plaintiffs contend that by using this conspiracy to stifle competition, Defendants inflated rents to supra-competitive levels and unlawfully suppressed the supply of rental residential housing, injuring the plaintiffs and thousands of renters across the country.