North Carolina AG settles US algorithmic rent-fixing suit with Cortland
( April 15, 2025, 18:56 GMT | Official Statement) -- MLex Summary: North Carolina Attorney General Jeff Jackson said the state has reached a settlement with Cortland Management, one of the landlords sued for illegally working with other landlords and using RealPage’s AI software to raise North Carolinians’ rents. As part of the settlement, Cortland will stop using sensitive data from its competitors to inform its pricing model, not use third-party software or algorithms to price apartments, unless they do so under the supervision of a court-appointed monitor and cease sharing or using any competitively sensitive data from other landlords and property managers to set rent prices or generate recommended rent prices. “We’re going to keep fighting this case to make sure all landlords and property managers play by the rules and people can afford rent,” Jackson said in a statement.Statement follows below. See attached file....
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