Ky. Off. of the Att'y Gen., Complaint, Commonwealth v. RealPage, Inc. (filed July 2, 2025)

Citation: Ky. Off. of the Att'y Gen., Complaint, Commonwealth v. RealPage, Inc. (filed July 2, 2025)
Jurisdiction: Kentucky (state)
Source: Official source
Original Source: https://www.ag.ky.gov/Press%20Release%20Attachments/2025.07.02%20Realpage%20C... ↗

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competing with other landlords on the basis of price.

154. Defendants’ anticompetitive conduct had the following effects, among others:

a. Competition among Defendants has been restrained or eliminated with

respect to multifamily rental housing;

b. The prices of multifamily housing rents have been fixed, stabilized, or

maintained at artificially high levels; and

c. Renters in Kentucky have been deprived of the benefits of free and open

competition between and among Defendants.

155. This conduct is unlawful under the per se standard. Defendants’ conduct is also

unlawful under either a “quick look” or rule of reason analysis because the agreement is

anticompetitive with no valid procompetitive justifications. Moreover, even if there were valid

procompetitive justifications, such justifications could have been reasonably achieved through

less restrictive means of competition.

156. Kentucky, as parens patriae, is entitled to treble damages, attorneys’ fees and

costs, and an injunction against Defendants to end the ongoing violations alleged herein.

COUNT II
Information Exchange in Violation of
Section 1 of the Sherman Act (15 U.S.C. § 1)

157. The Commonwealth reasserts, realleges, and incorporates by reference each of

Paragraphs 1-149, above, as though fully set forth herein.

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158. During the Conspiracy Period (further investigation and discovery may reveal an

earlier date), and continuing through the present, Defendants and their co-conspirators entered

into and engaged in a contract, combination, or conspiracy to unreasonably restrain trade in

violation of Section 1 of the Sherman Act (15 U.S.C. § 1).

159. The contract, combination, or conspiracy involved the exchange of competitively