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Yardi, multifamily property managers fail to get US antitrust claims dismissed

( December 4, 2024, 23:31 GMT | Official Statement) -- MLex Summary: Yardi Systems and multifamily property managers facing US class-action antitrust claims over the use of rental pricing software were denied a motion to dismiss. “The fact that the lessor defendants did not meet as a group but rather used an intermediary, Yardi, to compile their commercially sensitive data and calculate the supracompetitive rental rate each participant would utilize does not preclude the existence of an agreement or change its unlawful nature,” US District Judge Robert S. Lasnik said.See attached file. ...

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