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Rent-fixing claims against Yardi, landlords not doomed by pricing discretion, US DOJ, FTC say

( March 1, 2024, 19:25 GMT | Official Statement) -- MLex Summary: Yardi Systems and multi-family landlords legally erred in their motion to dismiss a federal antitrust lawsuit by asserting that the retention of some rental pricing discretion “dooms a price-fixing claim,” the US Department of Justice and Federal Trade Commission said in a joint statement of interest filed in US District Court for the Western District of Washington. “Case law is clear that competitors may not agree to fix the starting point of pricing ... even if the actual charged prices vary from the starting point,” and agreements fixing end prices are per se illegal, the agencies said.Statement and document follow below:...

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