Largest US landlord to pay $7 million to settle rent‑setting algorithm lawsuit
Greystar will pay $7 million and face restrictions on using rent-setting algorithms and sharing data after a multistate antitrust suit alleging rent coordination.
- When corporate landlords share private data and use algorithms to coordinate and jack up rent prices, renters pay the price, Colorado Attorney General Phil Weiser said.
- Greystar, the largest landlord in the country, agreed to pay $7 million to settle a lawsuit over using software that incorporates non-public data from other landlords to set higher rents.
- Under the settlement terms, Greystar is prohibited from using revenue management software that incorporates competitively sensitive data from rivals to generate pricing recommendations.
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87 Articles
Landlord Greystar Agrees To $7 Million Settlement Over Price-Fixing Software
Attorney General William Tong says Connecticut and eight other states have reached a $7 million settlement deal with the largest landlord in the United States over an algorithmic pricing scheme that will soon be illegal in Connecticut. Greystar Management Services manages nearly 950,000 rental units nationwide, including units in Stamford, Darien, Middletown, and Newington. “When […]
Diego Pavia throws for career-high 484 yards as No. 12 Vanderbilt routs Kentucky 45-17
Diego Pavia threw for a career-high 484 yards and five touchdowns and No. 12 Vanderbilt beat Kentucky 45-17 and the Commodores kept their hopes for a College Football Playoff berth alive going into the regular-season finale. Pavia set the program…
Diego Pavia throws for career-high 484 yards as No. 12 Vanderbilt routs Kentucky 45-17
NASHVILLE, Tenn. (AP) — Diego Pavia threw for a career-high 484 yards and five touchdowns and No. 12 Vanderbilt beat Kentucky 45-17 Saturday as the Commodores kept their hopes for a College Football Playoff berth alive going into the regular-season…
Diego Pavia throws for career-high 484 yards as No. 12 Vanderbilt routs Kentucky 45-17
Diego Pavia threw for a career-high 484 yards and five touchdowns and No. 12 Vanderbilt beat Kentucky 45-17 and the Commodores kept their hopes for a College Football Playoff berth alive going into the regular-season finale. Pavia set the program…
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