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Story summary
- The U.S. Department of Justice settled with LivCor, a subsidiary of Blackstone, over allegations that it colluded to raise rents by sharing pricing data.
- LivCor agreed not to use non-public information from competitors for pricing and to avoid third-party software that relies on such data.
- DOJ Assistant Attorney General Abigail Slater emphasized that competition laws protect renters.
- LivCor settled without admitting wrongdoing, and RealPage and others faced similar scrutiny.
