The law firms of Scott+Scott, Robins Kaplan, and Hausfeld have reached an agreement in principle with Greystar Management Services, LLC (“Greystar”) not to use confidential non-public competitor data in multifamily rental pricing, along with meaningful monetary relief for tenants across the country.

The settlement, reached simultaneously with the U.S. Department of Justice, marks a significant step toward resolving claims brought by renters in a multidistrict litigation pending in federal court.

The lawsuit alleged that Greystar and other major property management firms and property owners used RealPage’s algorithmic pricing tools in a manner that comingled competitively sensitive information, allowing it and its co-conspirators to suppress competition in the rental housing market, and drive up prices.

“This agreement represents meaningful relief for renters affected by the alleged practices,” announced Patrick Coughlin, Stacey Slaughter, and Swathi Bojedla, co-lead counsel for the plaintiffs. “We are pleased that Greystar has stepped forward to resolve these claims, and we commend the DOJ for its parallel efforts to protect competitive markets.”

The cash element of the settlement will be used to compensate tenants who were allegedly harmed by the coordinated-pricing practices. The agreement remains subject to the Court’s approval and will be presented to the Court as early as October.

About the Case

In re: Realpage, Inc., Rental Software Antitrust Litigation (No. II), 3:23-md-03071 is currently pending in the U.S. District Court for the Middle District of Tennessee, before Judge Crenshaw. The case consolidates multiple lawsuits filed by renters alleging violations of federal antitrust law related to the use of RealPage’s pricing algorithm.

About Scott+Scott

Scott+Scott is an international law firm known for its expertise in representing corporate clients, institutional investors, businesses, and individuals harmed by anticompetitive conduct or other forms of wrongdoings, including securities law and shareholder violations. With 140 attorneys in eight offices in the United States, as well as three offices in Europe, our advocacy has resulted in significant monetary settlements on behalf of our clients, along with other forms of relief.

Our highly experienced attorneys have been recognized by Lawdragon for being among the 500 Leading Financial and Global Antitrust Lawyers in 2025, as well as by WWL: Commercial Litigation 2024, and Legal 500 in Antitrust Civil Litigation. Additionally, we have repeatedly received top Chambers rankings and have been recognized by the American Antitrust Institute for the successful litigation of high-stakes anticompetitive claims in the United States.

To learn more about Scott+Scott, our attorneys, or complex case resolution, please visit www.scott-scott.com.

About Robins Kaplan

At Robins Kaplan LLP, we don’t just practice law — we advocate for justice, fairness, and equality with an unwavering commitment to our clients. With more than 200 attorneys across seven U.S. offices, the firm is widely recognized for its leadership in high-stakes litigation and its work on behalf of plaintiffs in some of the most consequential antitrust cases in recent history.

Our track record speaks volumes. We secured a historic settlement of $5.6 billion in the landmark Interchange Fee Antitrust Litigation with our co-counsel against major credit card companies—a settlement that is among the largest of its kind and a testament to our commitment to holding powerful corporations accountable. In the past 15 years alone, Robins Kaplan has recovered more than $10 billion for plaintiff classes in over 100 antitrust matters.

The firm’s Antitrust and Trade Regulation Group is consistently ranked Tier 1 by Chambers USA and recognized by Global Competition Review, Legal 500, Benchmark Litigation, Lawdragon, and Law360. Robins Kaplan is proud to be more than just a law firm; we are a partner in securing justice. Our dedication to our clients and our bold, creative approach to solving complex legal challenges sets us apart.

To learn more about Robins Kaplan’s Antitrust and Trade Regulation attorneys, visit:

robinskaplan.com/services/antitrust-and-trade-regulation

robinskaplan.com/professionals/stacey-slaughter

About Hausfeld

Hausfeld is a leading global litigation firm known for shaping the law and taking on bold, high-stakes claims others won’t. Our experienced litigators and arbitrators have a strong track record across antitrust, commercial and financial disputes, environmental and human rights law, product liability, and technology-related matters. Over the past decade, we’ve won landmark trials, secured complex settlements, and recovered billions for clients worldwide. Known for our forward-thinking approach, Hausfeld lawyers have pioneered innovative legal theories that have expanded access to justice for claimants globally. With 11 offices across the US, UK, and Europe, we consistently deliver precedent-setting results against some of the world’s most powerful opponents.

Socially minded and committed to access to justice, we champion strong corporate governance and serve both individuals and businesses. Recognized as one of the Financial Times’ most innovative law firms since 2013, Hausfeld has been honored for pioneering litigation funding and groundbreaking work in access to justice. Most recently, Hausfeld was the only plaintiffs’ firm named among FT North America’s Most Innovative Law Firms: Overall, and founder Michael Hausfeld was recognized in 2025 in FT’s 20 Years of Innovation report for transforming legal practice through class actions and litigation funding.

For more information about Hausfeld, including recent trial victories and landmark settlements, please visit www.hausfeld.com

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“This agreement represents meaningful relief for renters affected by the alleged practices,” announced Patrick Coughlin, Stacey Slaughter, and Swathi Bojedla, co-lead counsel for the plaintiffs.