ATTORNEY GENERAL BONTA ANNOUNCES $7 MILLION SETTLEMENT WITH PROPERTY MANAGEMENT COMPANY LIVCOR FOR ITS ROLE IN ALGORITHMIC RENT ALIGNMENT SCHEME

SACRAMENTO, Calif., June 18 -- The California Attorney General issued the following press release:

OAKLAND-California Attorney General Rob Bonta today, as part of a bipartisan coalition of nine attorneys general, announced a $7 million settlement withLivCor, LLC (LivCor), one of the property management companies named as a defendant in Attorney General Bonta'songoing antitrust lawsuitagainst software company RealPage. The settlement resolves allegations thatLivCorused RealPage's revenue management system to align rental prices with competing landlords by illegally sharing and gathering confidential pricing information. This conduct interfered with the normal competitive process and enabled landlords to keep prices higher, even in condition...