Friday, 31 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > US proposes settlement with Greystar to end alleged rental price collusion
Economy

US proposes settlement with Greystar to end alleged rental price collusion

Last updated: August 9, 2025 10:45 pm
Share
US proposes settlement with Greystar to end alleged rental price collusion
SHARE

The U.S. Justice Department has taken a significant step towards resolving claims against apartment manager Greystar in a case involving algorithmic collusion and anticompetitive practices in rental markets. According to Reuters, a proposed settlement has been filed by the Justice Department that, if approved, would require Greystar to adhere to various conditions aimed at preventing anticompetitive behavior.

One of the key conditions of the proposed settlement is that Greystar must refrain from using any algorithm that generates pricing recommendations using its competitors’ data. This measure is intended to prevent the manipulation of rental prices in a way that harms competition in the market. Additionally, Greystar would be required to avoid sharing sensitive information with competitors and accept a court-appointed monitor if it utilizes a third-party pricing algorithm that is not certified in the settlement terms.

Furthermore, the proposed settlement deal would also require Greystar to cooperate with the United States in its ongoing lawsuit against RealPage, a company that was sued by the Justice Department in 2024 over its revenue management software. RealPage has yet to respond to the lawsuit and Greystar’s potential cooperation.

In a related development, Greystar has reached a settlement in principle to resolve a lawsuit brought by private attorneys representing renters. The settlement includes significant monetary damages for tenants nationwide, with the details of the agreement set to be presented to a judge for approval as early as October.

The plaintiffs’ lawyers have expressed satisfaction with the proposed settlement, stating that it represents meaningful relief for renters affected by the alleged practices. They commend Greystar for stepping forward to resolve the claims and also praise the DOJ for its efforts to protect competitive markets.

See also  This lifetime Office license helps you ditch Microsoft 365's recurring fees and price hike

In response to the developments, Greystar has denied any wrongdoing in a statement issued on Friday. The company maintains that its use of RealPage’s revenue management software was in compliance with applicable laws. Greystar views the settlements as providing clarity for the company and the industry as a whole, allowing them to focus on serving their clients and running their business operations.

Overall, the proposed settlement and related agreements mark a significant step towards addressing anticompetitive practices in the rental market. By cooperating with the Justice Department and private attorneys, Greystar is taking steps to resolve claims and ensure fair competition in the industry.

This article was reported by Ismail Shakil in Ottawa and Mike Scarcella in Washington, with editing by Rosalba O’Brien.

TAGGED:AllegedCollusionGreystarPriceProposesrentalSettlement
Share This Article
Twitter Email Copy Link Print
Previous Article mRNA Vaccine Tech Could Transform Medicine and Cure Diseases. RFK, Jr. Just Pulled Its Funding mRNA Vaccine Tech Could Transform Medicine and Cure Diseases. RFK, Jr. Just Pulled Its Funding
Next Article Inside Brandon Blackstock’s Final Months at His Montana Ranch Inside Brandon Blackstock’s Final Months at His Montana Ranch
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Nubia Redmagic Nova Review: Big Screen, Big Performance

The Nubia Redmagic Nova is a new gaming tablet from the Redmagic brand, known for…

January 23, 2025

Georgia teen Sarah Grace Patrick accused of killing mom, stepdad — as younger sister discovered bodies in their bed

A tragic incident unfolded in Georgia when a 17-year-old girl allegedly shot her church-going mother…

July 9, 2025

Researchers Disprove Their Own Work by Producing Power From Earth’s Rotation : ScienceAlert

A group of researchers in the United States has recently conducted an intriguing experiment that…

March 25, 2025

GUESS WHO’S NOT ABOVE THE LAW? MI SOS Benson In The Hot Seat After DOJ Sues Her For Blocking Access to Michigan’s Dirty Voter Rolls | The Gateway Pundit | by Patty McMurray

The Trump administration is pursuing legal action against Michigan's Democratic Secretary of State, Jocelyn Benson,…

September 29, 2025

JoJo Siwa Selling Tarzana Mansion For $4 Million

JoJo Siwa, the popular entertainer and former "Dance Moms" star, has recently listed her lavish…

December 20, 2024

You Might Also Like

Alphabet hikes capex again after earnings beat on strong ad, cloud demand
Economy

Alphabet hikes capex again after earnings beat on strong ad, cloud demand

October 31, 2025
What is a merchant bank?
Economy

What is a merchant bank?

October 30, 2025
Fed Cuts Rates by a Quarter Point, as Expected
Economy

Fed Cuts Rates by a Quarter Point, as Expected

October 30, 2025
Fed’s Standing Repo Facility hits record high as policy meeting outcome looms
Economy

Fed’s Standing Repo Facility hits record high as policy meeting outcome looms

October 30, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?