JUSTICE DEPARTMENT REACHES PROPOSED SETTLEMENT WITH WILLOW BRIDGE, ONE OF AMERICA'S LARGEST LANDLORDS, TO RESOLVE INFORMATION SHARING AND ALGORITHMIC COORDINATION CLAIMS

WASHINGTON, July 6 -- The U.S. Department of Justice's Antitrust Division issued the following news release:

The Justice Department's Antitrust Division filed a proposed settlement today to resolve the United States' claims against Willow Bridge Property Company LLC, as part of its ongoing enforcement action in the Middle District of North Carolina against algorithmic coordination, the use of competitors' competitively sensitive data, and other anticompetitive practices in rental markets across the country. Today's proposed settlement builds on the Justice Department's success in obtaining proposed settlements in the same enforcement action against RealPage Inc. and three other large landlords, Cortland Management LLC, Greystar Management ...