Court: Superior Court of the State of California, County of Alameda
Mach, et al. v. Yardi Systems, Inc., et al., Case No. 24-cv-063117
In February 2024, WBE and co-counsel brought this case in California state court alleging that Yardi Systems, Inc. and various property management companies conspired to artificially inflate rental prices of multifamily residential units above competitive levels and to reduce the occupancy of such units below their competitive levels through their use of a centralized pricing software algorithm. The complaint alleges that this collusion between Yardi and the property manager defendants has resulted in dramatic rental price increases throughout California and stifled competition in the multifamily residential industry.