JD Supra

Information Sharing, Pricing Algorithms, and Antitrust Liability: Where Is the Line?

Antitrust enforcers and private plaintiffs over the past few years have pursued increasingly aggressive theories of liability based on information exchange and the use of algorithmic pricing and ...
WTVD

Proposed settlement reached with Greystar to end involvement in algorithmic pricing scheme

CHARLESTON, S.C. (WTVD) -- The Justice Department's Antitrust Division recently filed a proposed settlement after claims that Greystar and other landlords shared data to generate prices. Greystar ...
JD Supra

RealPage Opens New Front in Algorithmic Pricing Challenges with Suit Challenging Berkeley Ordinance

In the latest front of the legal battle over the use of algorithmic pricing, RealPage, Inc. (“RealPage”) has challenged an ordinance passed by the City of Berkeley banning the use of revenue ...
Ars Technica

US sues six of the biggest landlords over “algorithmic pricing schemes”

The US Justice Department today announced it filed an antitrust lawsuit against “six of the nation’s largest landlords for participating in algorithmic pricing schemes that harmed renters.” One of the ...
Hosted on MSN

How AI Algorithms Inflate Housing Costs and What to Do About It

As artificial intelligence (AI) permeates nearly every sector, the rental market has become one of its newest frontiers. AI-driven algorithms can streamline processes like property pricing, tenant ...
FOX8 Cleveland

Ohio bill aims to ban AI-driven pricing algorithms that exploit competitor data

COLUMBUS, Ohio (WCMH) — Bipartisan Ohio lawmakers are reviving an effort to regulate pricing algorithms — software that often uses artificial intelligence to adjust prices, rent and wages in order to ...
Forbes

How AI Is Transforming Pricing Management: A Comprehensive Guide

As price pressure increases, 68% of companies plan to raise prices to keep up with inflation. In light of this, with AI-based software, companies can dynamically optimize prices in real time and ...
The National Law Review

DOJ Targets AI Pricing Algorithms: RealPage Case Signals Potential Shift in Antitrust Enforcement

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
WDRB

Kentucky AG accuses software company of inflating rent using pricing algorithm in new lawsuit

LOUISVILLE, Ky. (WDRB) -- With the cost of living going up, Kentucky's attorney general said a software company is making rent a bigger part of the problem and is taking the issue to federal court. In ...
Bisnow

RealPage Is Ready To Hit Back In The Fight Over Rent Pricing Algorithms

RealPage is tired of being blamed for the lack of affordable housing. In the face of a federal lawsuit and a host of local regulations aimed at the company’s software, RealPage has taken limited legal ...
NBC4 Columbus

Ohio bill aims to ban A.I.-driven pricing algorithms that exploit competitor data

COLUMBUS, Ohio (WCMH) — Bipartisan Ohio lawmakers are reviving an effort to regulate pricing algorithms, software that often uses artificial intelligence to adjust prices, rent and wages in order to ...