Duffy v. Yardi Systems Inc et al

  1. September 25, 2024

    Developer's NorCal Spree Ends With Fraud Claims In Ch. 11

    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.

  2. May 24, 2024

    Software-Aided Price Fixing Under Antitrust Assault

    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.

  3. April 19, 2024

    Yardi Ordered To Provide Info On Apartment Pricing Algorithm

    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.

  4. April 02, 2024

    Hagens Berman To Lead Yardi Rent Price-Fixing Class Action

    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.

  5. March 15, 2024

    Hagens Berman Defends Bid To Lead Yardi Price-Fixing Suit

    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.

  6. March 12, 2024

    Yardi, Landlords Say Hagens Berman Can't Lead Antitrust Suit

    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.

  7. March 01, 2024

    FTC, DOJ Slam Use Of Software To Fix Rent Payments

    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.

  8. February 26, 2024

    Renters Say Yardi, Landlords Can't Escape Antitrust Case

    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.

  9. December 18, 2023

    Yardi, Firms Urge Judge To Toss Antitrust Class Claims

    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.

  10. September 08, 2023

    Yardi Hit With Price-Fixing Class Action Over Rental Tool

    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.