Largest landlord in the country resolves price-fixing allegations with the Justice Department
Greystar Reaches Settlement with DOJ Over Rental Practices The largest landlord in the U.S., Greystar, has come to a settlement with the Department of Justice (DOJ) after being accused of improperly employing rent-setting algorithms and collaborating with competitors to boost profits. Greystar, which oversees nearly 950,000 rental units across the country, agreed to a settlement […]
FTC dismisses PepsiCo price-fixing case, criticizes the agency’s former leader
FTC Dismisses Lawsuit Against PepsiCo On Thursday, the Federal Trade Commission, led by Republicans, decided to dismiss a lawsuit aimed at PepsiCo. This legal action, which was initiated in January, accused PepsiCo of giving Walmart an unjust pricing edge, thereby harming other suppliers and consumers. The lawsuit invoked the seldom-enforced 1936 Robinson Patman Act. At […]
Dem socialist senator rallies behind Harris’ price-fixing plan: ‘Important step forward’
Sen. Bernie Sanders (I-Vermont) on Friday endorsed Vice President Kamala Harris’ newly announced economic policy plan, calling it “bold and popular.” “Is this everything I wanted? No,” he said in a statement. “Is this an important step towards making our country a more fair and just society? Absolutely.” Sanders praised the proposal for “addressing the […]
Landlords accused of price-fixing rent rates across country
Dozens of landlords have been accused of manipulating rent prices through the use of online software RealPage, according to tenant groups. real page is a property management software that uses data to recommend pricing for millions of properties in the United States. Tenants in Jersey City, New Jersey, have filed a class action lawsuit against […]