September 25, 2024
Northern California real estate company LeFever Mattson stockpiled more than $400 million in real estate, including several local landmarks in a small town north of San Francisco. The firm now seeks bankruptcy protection amid claims following an alleged scheme by one executive to pocket millions by selling bunk equity stakes to investors.
May 24, 2024
Claims that companies in the same industry are using software middlemen to fix prices are percolating in federal courts around the country, with cases targeting major operators in residential real estate, hospitality and health insurance, among other areas.
April 19, 2024
Real estate management software company Yardi Systems Inc. is going to have to turn over information about who has been using its rent maximizer algorithm to renters who claim that at least 11 property management companies have been using the service to fix rental costs, a federal judge has said.
April 02, 2024
A Washington federal court tapped Hagens Berman Sobol Shapiro LLP as interim lead counsel for a putative class of renters amid a suit alleging that 11 property management companies are part of a price-fixing ring powered by an algorithm developed by Yardi Systems Inc.
March 15, 2024
A putative class on Friday continued to push for the appointment of Hagens Berman Sobol Shapiro LLP as interim lead counsel for a rent price-fixing class action in Washington federal court after property management software company Yardi Systems Inc. and multiple landlords opposed the bid.
March 12, 2024
Property management software company Yardi Systems Inc. and multiple landlords are fighting a putative class's bid to appoint Hagens Berman Sobol Shapiro LLP as interim lead counsel for a rent price-fixing class action in Washington federal court.
March 01, 2024
The Federal Trade Commission and the U.S. Department of Justice on Friday told a Washington federal judge that landlords can't collude on housing prices even if they're using new technology to do it, adding their input to a case accusing property owners of fixing rental costs with Yardi Systems Inc. software.
February 26, 2024
A pair of tenants have argued that Yardi Systems Inc. and a group of property owners failed to show enough to warrant a Washington federal judge tossing the plaintiffs' claims that the companies colluded to fix apartment prices using a Yardi software program.
December 18, 2023
Yardi Systems Inc. and a group of 10 property management companies have told a Washington federal court that a purported class is mistaken in alleging businesses that use a Yardi software program are systematically raising rents in violation of antitrust laws.
September 08, 2023
A proposed class led by Hagens Berman Sobol Shapiro LLP told a Washington federal judge Friday that 18 property-management companies are part of a price-fixing ring powered by a Yardi Systems Inc. algorithm, after bringing similar claims last year over a competing RealPage Inc. tool.