(RTTNews) – In response to a US Department of Justice lawsuit, Camden Property Belief (CPT) said it disagrees with the allegations in an amended RealPage complaint that added Camden and others as defendants. Camden will vigorously defend against these claims and intends to seek dismissal.
Camden said Miles is dedicated to improving the lives of its workers, residents and shareholders, one experience at a time. Since its inception, Camden has been committed to delivering Residing Excellence to its residents. Many of the Justice Department’s claims relate to actions taken at some stage of the COVID-19 pandemic, at a time when Camden implemented a technique that no longer increased renewal costs, waived casual accounts, froze evictions and took the unprecedented step of providing 10 millions of dollars in money straight to its residents to be eaten crimson at some stage in this unreliable length without getting stuck nor. This crimson meat appeared before the federal, state or local governments offered any industrial help attributable to the pandemic.
Earlier this time, the U.S. Department of Justice, along with its confirmed co-plaintiffs, filed an amended complaint in its antitrust lawsuit against RealPage to sue six of the nation’s largest landlords for participating in algorithmic pricing schemes that harmed tenants.
The amended complaint named the landlords — Greystar Real Property Partners LLC; Blackstone’s LivCor LLC; Camden Property Trust; Cushman & Wakefield Inc and Pinnacle Property Management Services and Products LLC; Willow Bridge Property Company LLC and Cortland Management LLC — engaged in an illegal scheme to reduce competition among landlords in setting prices for residential properties, harming millions of American renters. Together, these landlords manage more than 1.3 million properties in 43 states and the District of Columbia. The common lawyers of Illinois and Massachusetts joined the amended criticism as co-plaintiffs, bringing the total number of Order and Commonwealth co-plaintiffs to 10.
At the same time, the Justice Department filed a proposed consent decree with landlord Cortland, requiring it to cooperate with the government, stop using its competitors’ peaceful data to determine rents, and prevent it from using the same algorithm as its competitors without a corporate supervisor.
The views and opinions expressed herein are those of the author and are not necessarily those of Nasdaq, Inc.
Leave a Reply