Attorney General Ellison today, as part of a bipartisan coalition of nine attorneys general, announced a $7 million settlement with LivCor, LLC (LivCor), one of the property management companies named as a defendant in Attorney General Ellison’s ongoing antitrust litigation against software company RealPage. The settlement resolves allegations that LivCor used RealPage’s revenue management system to align rental prices with competing landlords by illegally sharing and gathering confidential pricing information. This conduct interfered with the normal competitive process and enabled landlords to keep prices higher, even in conditions when landlords naturally would lower prices.

"It’s hard to afford your life when your landlord is scheming with rival property managers to raise rent prices, instead of competing with those rivals to deliver the best housing possible at the fairest price possible. Free and fair competition is the lifeblood of our economy, while anticompetitive practices like those of RealPage and LivCor are a poison that harms our economy and the pocketbooks of Minnesotans. I’m pleased to have reached a settlement that requires LivCor to abandon their unlawful actions and pay to fix the damage they caused.” – AG Ellison