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Greystar, others settle RealPage rental pricing lawsuit
Yahoo Finance· 2025-10-08 13:53
Core Insights - A group of renters has filed a lawsuit against property managers, alleging that they shared confidential business information with RealPage and coordinated to raise rent prices, violating antitrust laws [3][7] - The settling companies, including Greystar, have denied wrongdoing but agreed to stop sharing nonpublic information with RealPage, which is crucial for preventing price inflation [4][5] - The settlements total over $141.8 million, with Greystar contributing the largest amount of $50 million, pending judicial approval [5][7] Group 1: Lawsuit and Allegations - Renters allege that property managers conspired with RealPage to inflate rental prices through shared confidential data [3][7] - The lawsuit includes several defendants, such as Equity Residential and Brookfield Management, alongside RealPage [3] Group 2: Settlements and Agreements - Settling defendants have agreed not to provide nonpublic data to RealPage for pricing recommendations, marking a significant change in the multifamily housing industry [5] - The settlements range from $550,000 to Greystar's $50 million payment, with a total of 26 class settlements filed [5][7] Group 3: Ongoing Legal Challenges - RealPage and other property managers are also facing an antitrust lawsuit from the Department of Justice and state attorneys general, with Greystar having reached a settlement in that case [6]
Meta And Apple Nearing Settlement With EU Lawmakers On Antitrust Cases: Report - Meta Platforms (NASDAQ:META)
Benzinga· 2025-10-08 12:07
Core Insights - Apple Inc. and Meta Platforms Inc. are nearing a settlement to resolve their antitrust cases with the European Commission, aiming to amend business practices to avoid further fines [1][2][3] Group 1: Settlement Negotiations - The companies are in the final stages of negotiations with European regulators to address various business practices after being fined €700 million ($772 million) in April for violating the EU's Digital Markets Act [2][3] - A settlement would help both companies avoid daily financial penalties that could reach up to 5% of their average global daily revenue [6] Group 2: Regulatory Challenges - European officials are optimistic about reaching a solution with Meta, although initial proposed changes were found inadequate, particularly regarding consumer navigation of Meta's options in the EU [4] - Apple is also negotiating new contractual terms for developers and has expressed intentions to amend its App Store policies [4] Group 3: Historical Context - Apple contested a €500 million ($586 million) fine in July 2025 for alleged anti-competitive practices, labeling it as "unprecedented" [5] - Meta had a more favorable interaction with the Commission in September 2025, receiving approval for a joint venture with India's Reliance Industries Limited focused on enterprise AI services [5] Group 4: Company Performance Metrics - Meta has a higher growth rating of 85.66%, while Apple's growth rating is below 30%, indicating differing performance trajectories [7]
Meta and Apple nears settlement with EU over antitrust cases: report
Invezz· 2025-10-08 11:29
Core Insights - Meta and Apple are nearing a settlement regarding two significant antitrust cases with the European Commission, indicating a potential reduction in tensions between US Big Tech firms and European regulators [1] Group 1: Antitrust Cases - The antitrust cases involve high-profile scrutiny of Meta and Apple, reflecting ongoing regulatory challenges faced by major technology companies in Europe [1] - Settling these cases could set a precedent for how similar cases are handled in the future, potentially influencing the regulatory landscape for other tech companies [1] Group 2: Implications for US Big Tech - A resolution to these cases may alleviate some regulatory pressures on US Big Tech firms, allowing them to operate with more certainty in the European market [1] - The outcome could also impact investor sentiment towards these companies, as a settlement might be viewed positively in terms of reducing legal risks [1]
Will The Trump Justice Department Create New Merger Guidelines?
Forbes· 2025-10-07 13:30
Group 1: Political and Regulatory Landscape - Washington County, Pennsylvania, has shifted from a Democratic stronghold to a Republican voting pattern since 2008, influenced by Trump's support for fracking, which has created jobs in a deindustrializing area [2] - A radical consumer advocate group, New Energy Economy, has previously blocked a deal involving TXNM and Avangrid, indicating a trend of regulatory challenges in the energy sector [3] - New Energy Economy is now challenging Blackstone's entry into the data center market in New Mexico, highlighting ongoing scrutiny of corporate moves in energy-rich regions [4] Group 2: Corporate Mergers and Antitrust Issues - The Trump Administration has shown a willingness to approve corporate mergers that align with consumer interests, as seen in the HPE and Juniper Networks settlement, which enhances competition against Huawei [5][6] - Despite external pressures to block the HPE-Juniper merger, the DOJ's approval reflects adherence to established antitrust standards, maintaining a market share below the 30% threshold [10][11] - Ongoing scrutiny from Democratic senators and state attorneys general regarding the DOJ's approval process could impact future mergers in the energy sector, as the HPE case may set a precedent for regulatory challenges [7][8][12] Group 3: Future Implications for the Energy Sector - The potential for increased scrutiny on mergers could hinder the DOJ's ability to enforce antitrust laws effectively, particularly if it deviates from traditional standards [12][13] - The energy sector is likely to see numerous large mergers in the coming years, necessitating a careful approach from regulators to avoid judicial challenges that could limit their jurisdiction [13]
Play Store downloads could soon get cheaper after the Supreme Court denies Google's bid to delay antitrust changes
Business Insider· 2025-10-07 01:50
Core Viewpoint - Google's Play Store is undergoing significant changes following the Supreme Court's denial of its request to block a lower court ruling that mandates the opening of its app ecosystem to competitors and allows developers to use alternative payment systems [1][10]. Group 1: Legal Context - The legal battle originates from a 2020 lawsuit filed by Epic Games against Google, claiming that Google's practices constitute an illegal monopoly over Android app downloads and in-app payments [3][4]. - A California jury ruled in favor of Epic Games in December 2023, determining that Google's Play Store policies violated antitrust laws, leading to a court order for Google to allow competing app stores and alternative billing systems for three years [4][5]. Group 2: Implications for Developers and Users - The Supreme Court's ruling means that Android users will soon be able to access apps directly from developers outside the Play Store, with pricing set by the developers [2][10]. - Developers will have the ability to direct users to cheaper payment options outside of Google's billing system, potentially lowering costs for consumers [2][10]. Group 3: Related Industry Developments - Apple is facing similar legal challenges from Epic Games, resulting in comparable remedies, including the allowance of links to external payment systems, which have already been implemented [11].
Supreme Court Denies Google's Stay Request in Epic Games Case
PYMNTS.com· 2025-10-07 00:29
Core Viewpoint - The Supreme Court has denied Google's request to pause a lower court's ruling requiring changes to its Play app store, which is a significant development in the ongoing antitrust case filed by Epic Games against Google [2][3]. Group 1: Legal Developments - The Supreme Court's denial of Google's request occurred on October 6, 2023, without any comments [2]. - A jury ruled in favor of Epic Games in 2023, leading to a judge's order in October 2024 that mandates Google to allow users to download rival app stores and make its app catalog available to competitors [3]. Group 2: Company Responses - A Google spokesperson expressed concerns that the changes ordered by the U.S. District Court could jeopardize user safety in downloading apps, while also stating that the company would continue its appeal [4]. - Epic Games CEO Tim Sweeney highlighted that the Supreme Court's decision allows developers to direct U.S. Google Play users to out-of-app payments without additional fees or complications, aligning with similar rights for Apple App Store users [4]. Group 3: Market Implications - Sweeney noted that various vendors are preparing to establish deals with developers in the U.S. and potentially the EU, despite challenges from big tech companies [5]. - Epic Games has launched Web Shops, enabling developers to sell in-game content directly to players, which is expected to gain traction in the U.S. following the court's injunction allowing steering [5][6].
Live Nation Antitrust Appeal Rejected by Supreme Court
PYMNTS.com· 2025-10-06 19:31
Core Viewpoint - The Supreme Court has declined to hear Live Nation's appeal in a consumer antitrust case, allowing an appeals court decision to stand that deemed the company's arbitration agreements with customers as "unconscionable" and unenforceable under California law [2][3]. Group 1: Legal Proceedings - The appeals court ruling enables consumers to proceed with their antitrust lawsuit against Live Nation and Ticketmaster, which is accused of colluding to inflate ticket prices [3][4]. - A lawsuit filed by fans of Taylor Swift and other musicians alleges that Live Nation and Ticketmaster violated the Racketeer Influenced and Corrupt Organizations (RICO) Act by colluding to operate as an illegal enterprise [4]. Group 2: Allegations Against Live Nation and Ticketmaster - The Federal Trade Commission (FTC) and seven states have sued Ticketmaster and Live Nation, claiming they illegally sold event tickets acquired by brokers and misled consumers and artists regarding prices and policies [5][6]. - The complaint asserts that Ticketmaster violated the FTC Act and the Better Online Ticket Sales Act (BOTS Act) by allowing brokers to purchase tickets beyond artists' limits and selling them at significant markups in the secondary market [6]. Group 3: Regulatory Scrutiny - The U.S. Justice Department has previously filed a suit to dismantle Live Nation, citing antitrust violations and monopolistic practices, particularly since the merger with Ticketmaster in 2010 [7].
US Supreme Court rejects software giant SAP's bid to avoid rival's antitrust suit
Reuters· 2025-10-06 13:46
Core Point - The U.S. Supreme Court has declined to hear SAP's request to avoid a lawsuit from Teradata, which accuses SAP of violating U.S. antitrust laws [1] Group 1: Company Overview - SAP is identified as Europe's largest software maker [1] - Teradata is a U.S. data technology company that has initiated the lawsuit against SAP [1] Group 2: Legal Context - The lawsuit involves allegations of antitrust violations against SAP by Teradata [1] - The Supreme Court's decision means that the lawsuit will proceed in lower courts [1]
Google argues a forced sale of Ad Exchange is too risky
TechXplore· 2025-10-06 11:37
Core Argument - Google argues that a forced sale of its advertising exchange, AdX, is too risky, technologically challenging, and would disrupt the market [1][2]. Financial Impact - The advertising exchange is estimated to generate $15.9 billion in revenue by 2025, and a forced sale could create uncertainty and degrade services for smaller online publishers [2][5]. Legal Context - The trial addresses restoring competition in the display advertising market, where Google has been deemed to hold an illegal monopoly [3][4]. Proposed Solutions - The Justice Department suggests that Google should sell AdX and disclose the ad server's decision-making logic to enhance competition [4][5]. Technological Challenges - Google claims that separating AdX from its integrated system, Google Ad Manager, is technologically difficult due to the interdependence of the systems [8][10]. Market Uncertainties - Potential buyers may be deterred by ambiguities surrounding the sale, including the extent of assets and regulatory approvals required [13][14]. Impact on Small Publishers - A sale of AdX could negatively affect small publishers who rely on Google's advertising products for revenue, with some reporting significant portions of their income tied to AdX [17][19]. Security Concerns - Google emphasizes that divesting AdX could lead to increased data security risks and vulnerabilities, potentially making it a target for malicious actors [21][22].
Greystar and other landlords agree to a $141M deal to settle a rent-setting lawsuit
Yahoo Finance· 2025-10-03 19:12
Core Points - Real estate company Greystar and 25 other property management firms have agreed to pay over $141 million to settle a class action lawsuit related to rent-setting algorithms from RealPage [1][2] - Greystar will contribute $50 million to the settlement, pending judicial approval [1] - The settlement includes a stipulation that companies will no longer share nonpublic information with RealPage, addressing concerns of anticompetitive behavior [2] Company Actions - All companies involved deny any wrongdoing but will assist plaintiffs in ongoing litigation against RealPage and other firms [3] - Greystar has previously settled a related antitrust lawsuit with the Department of Justice [3] - The settlement funds will be distributed among millions of affected tenants [4] RealPage's Position - RealPage denies any wrongdoing, asserting that its software is used on less than 10% of rental units in the U.S. and that its pricing recommendations are not always followed [5][6] - The company claims that its revenue management products are legal and that the litigation lacks merit [6]