No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Monday, October 27, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

US proposes settlement with Greystar to end alleged rental price collusion

by TheAdviserMagazine
3 months ago
in Business
Reading Time: 2 mins read
A A
US proposes settlement with Greystar to end alleged rental price collusion
Share on FacebookShare on TwitterShare on LInkedIn


(Reuters) -The U.S. Justice Department said on Friday that it had filed a proposed settlement to resolve claims against apartment manager Greystar in a case alleging algorithmic collusion and anticompetitive practices in rental markets.

If approved, the settlement would require Greystar, among other conditions, to refrain from using any anticompetitive algorithm that generates pricing recommendations using its competitors’ data, the Justice Department said.

Shop Top Mortgage Rates

Powered by Money.com – Yahoo may earn commission from the links above.

The proposal would also require Greystar to refrain from sharing competitively sensitive information with competitors and accept a court-appointed monitor if it uses a third-party pricing algorithm that is not certified in the settlement terms, the department added.

The proposed U.S. settlement deal would require Greystar to cooperate with the United States in its ongoing lawsuit against RealPage. The Justice Department in 2024 sued RealPage over its revenue management software.

RealPage did not immediately respond to a request for comment about the lawsuit and GreyStar’s potential cooperation.

Greystar has also reached a settlement in principle to resolve a related lawsuit brought by private attorneys representing renters.

The proposal includes what the plaintiffs’ lawyers on Friday called “significant” monetary damages for tenants nationwide. The details of the accord will be presented to a judge for approval as early as October, they said.

“This agreement represents meaningful relief for renters affected by the alleged practices,” the plaintiffs’ attorneys said in a statement. “We are pleased that Greystar has stepped forward to resolve these claims, and we commend the DOJ for its parallel efforts to protect competitive markets.”

Greystar in a statement on Friday denied any wrongdoing and said it maintains that its use of RealPage’s revenue management software complied with applicable laws.

“The settlements provide clarity for Greystar and the industry at large,” Greystar said. The accords will allow the company to focus on its clients and business operations, it said.

(Reporting by Ismail Shakil in Ottawa and Mike Scarcella in Washington, Editing by Rosalba O’Brien)



Source link

Tags: allegedCollusionGreystarPriceproposesRentalsettlement
ShareTweetShare
Previous Post

3 Bargain Stocks Offering Reliable Dividends and Promising Upside Potential

Next Post

Points and Miles Valuations: What to Know

Related Posts

edit post
Spirit Halloween’s meme-worthy  billion business is successful thanks to scooping up short-term leases from bankrupt stores

Spirit Halloween’s meme-worthy $2 billion business is successful thanks to scooping up short-term leases from bankrupt stores

by TheAdviserMagazine
October 27, 2025
0

The store that kinda just appears one night in your local mall like an apparition only has a few months...

edit post
Wall Street is Pounding the Table Over HON, GOOG, AAPL, MSFT, BKNG, and TSLA

Wall Street is Pounding the Table Over HON, GOOG, AAPL, MSFT, BKNG, and TSLA

by TheAdviserMagazine
October 27, 2025
0

Drew Angerer/ Getty Images News via Getty Images Alphabet, Meta, Microsoft, Apple, and Amazon are all set to post earnings...

edit post
Rishon Lezion penthouse fetches NIS 11.2m

Rishon Lezion penthouse fetches NIS 11.2m

by TheAdviserMagazine
October 27, 2025
0

A 178 square meter, five-room, 29th floor penthouse in Rishon Lezion has been sold for NIS 11.2 million. The...

edit post
Nobel prize winner says Venezuela has a ‘unique’ .7 trillion opportunity to privatize its companies and reverse socialist ‘disaster’

Nobel prize winner says Venezuela has a ‘unique’ $1.7 trillion opportunity to privatize its companies and reverse socialist ‘disaster’

by TheAdviserMagazine
October 27, 2025
0

Weeks after winning the 2025 Nobel Peace Prize for her decades-long fight to restore democracy to Venezuela, opposition leader María...

edit post
Medtronic Jerusalem unit to lay off 60 employees

Medtronic Jerusalem unit to lay off 60 employees

by TheAdviserMagazine
October 27, 2025
0

Medical device giant Medtronic, which has 1,000 employees at eight development centers in Israel, is set to lay off...

edit post
Wright Flood to acquire Poulton Associates

Wright Flood to acquire Poulton Associates

by TheAdviserMagazine
October 27, 2025
0

Wright National Flood Insurance Company (Wright Flood), through its affiliate Wright National Flood Insurance Services, is set to acquire the...

Next Post
edit post
Points and Miles Valuations: What to Know

Points and Miles Valuations: What to Know

edit post
Adidas stole sandal design from traditional Mexican artisans, Sheinbaum says

Adidas stole sandal design from traditional Mexican artisans, Sheinbaum says

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Another Violent Outburst – Democrats Inciting Civil Unrest

Another Violent Outburst – Democrats Inciting Civil Unrest

October 24, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
The 10 Best Small-Cap Dividend Stocks You’ve Never Heard Of

The 10 Best Small-Cap Dividend Stocks You’ve Never Heard Of

0
edit post
Largest Corporate Layoffs Of 2025

Largest Corporate Layoffs Of 2025

0
edit post
Spirit Halloween’s meme-worthy  billion business is successful thanks to scooping up short-term leases from bankrupt stores

Spirit Halloween’s meme-worthy $2 billion business is successful thanks to scooping up short-term leases from bankrupt stores

0
edit post
This New Crypto Scam Starts With “Congratulations, You’re Hired,” Kraken Warns

This New Crypto Scam Starts With “Congratulations, You’re Hired,” Kraken Warns

0
edit post
10 Times When It’s Okay to YOLO More Than K Into One Stock

10 Times When It’s Okay to YOLO More Than $10K Into One Stock

0
edit post
Crypto Miners Are Pivoting to the New AI Goldmine

Crypto Miners Are Pivoting to the New AI Goldmine

0
edit post
Spirit Halloween’s meme-worthy  billion business is successful thanks to scooping up short-term leases from bankrupt stores

Spirit Halloween’s meme-worthy $2 billion business is successful thanks to scooping up short-term leases from bankrupt stores

October 27, 2025
edit post
Crypto Miners Are Pivoting to the New AI Goldmine

Crypto Miners Are Pivoting to the New AI Goldmine

October 27, 2025
edit post
New Karta Card Targets International Applicants With U.S. Assets

New Karta Card Targets International Applicants With U.S. Assets

October 27, 2025
edit post
TechCrunch Disrupt 2025: How to watch Astro Teller, Startup Battlefield, and more live

TechCrunch Disrupt 2025: How to watch Astro Teller, Startup Battlefield, and more live

October 27, 2025
edit post
Wall Street is Pounding the Table Over HON, GOOG, AAPL, MSFT, BKNG, and TSLA

Wall Street is Pounding the Table Over HON, GOOG, AAPL, MSFT, BKNG, and TSLA

October 27, 2025
edit post
The 10 Best Small-Cap Dividend Stocks You’ve Never Heard Of

The 10 Best Small-Cap Dividend Stocks You’ve Never Heard Of

October 27, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Spirit Halloween’s meme-worthy $2 billion business is successful thanks to scooping up short-term leases from bankrupt stores
  • Crypto Miners Are Pivoting to the New AI Goldmine
  • New Karta Card Targets International Applicants With U.S. Assets
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.