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- cross-posted to:
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14 big landlords used software to collude on rent prices, DC lawsuit says::Suit claims employees were told pricing outside the algorithm was “unacceptable.”
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Theoretically that is illegal.
Penalties for this should be severe. Like, impounding company assets and destroying them.
The fine of 1% of last quarter’s profits will ensure they learn their lesson.
Take one of the owner’s private jets away.
Corporate death penalty
Yup I got hit with this nonsense… Right during the pandemic when I had no money… $525->$800
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They should be launching lawsuits like this in every state. Hopefully if this suit goes well, it helps bring rents back to Earth from where they’ve skyrocketed (though not holding my breath).
I have hope for my place, we have to renew our lease soon. My landlord is a decent guy and he has trouble with his email so I hope he couldn’t figure that software out lol
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Guys pretty old school so we send it to him and whenever we need repairs he comes to fix it. He’s a good dude. Is a true historian and loves this house, when we were touring the place he told us about every person who owned it after it was built in 1864
That being said I know even the best can’t resist money, so I can only hope
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