DOJ/HUD Statement of Interest (algorithmic rent)

DOJ + HUD Statement of Interest on Algorithmic Pricing — Cherry v. Yardi / Duffy v. Yardi
DOJ / HUD · Statement of Interest of the United States, McKenna Duffy v. Yardi Systems, Inc., et al., W.D. Wash. (Mar. 2024)

Status
Blocked / in litigation
Took effect
March 1, 2024
Applies to
Landlords and software vendors providing algorithmic pricing tools

The Justice Department's Antitrust Division and the FTC (not HUD) filed a joint Statement of Interest in Duffy v. Yardi Systems (W.D. Wash.), arguing that competing landlords' joint use of Yardi's common pricing algorithm can constitute per-se illegal price fixing under the Sherman Act, even when landlords retain some discretion to deviate from the algorithm's recommendations.

Who is protected: Renters in markets where landlords use common pricing algorithms

Legal detail

Statement of Interest of the United States, filed in Duffy v. Yardi Systems, Inc., No. 2:23-cv-01391 (W.D. Wash., Mar. 1, 2024, ECF 149); the separate RealPage MDL statement was Nov. 2023. Position: Sherman Act § 1 does not require direct competitor exchange of information; algorithmic coordination via shared software using competitors' nonpublic data states a claim. Adopted by multiple district courts subsequently.

Key facts

JurisdictionDOJ / HUD
LevelFederal
CitationStatement of Interest of the United States, McKenna Duffy v. Yardi Systems, Inc., et al., W.D. Wash. (Mar. 2024)
Topicshousing and credit decisions · automated decision-making
Court recordDOJ Statement of Interest on Algorithmic Pricing — DOJ Antitrust

Related housing and credit decisions rules elsewhere

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