Attorney General Phil Weiser today, as part of a bipartisan coalition of nine attorneys general, announced a $7 million settlement with LivCor, LLC, one of the property management companies named in ongoing antitrust litigation against software company RealPage.

“Coloradans are getting squeezed by the high cost of housing. It’s outrageous that corporate landlords use algorithms to collude, artificially hike rents, and maximize their profits off the backs of workers, seniors, families who are just looking for a place to live. Ending the use of algorithmic rental price fixing is just one of many tools we need to level the playing field. Today’s settlement will end this anticompetitive conduct and bring fairness back to the market for renters." – AG Weiser