LegalApr 15, 2026, 04:41 PM
Equity Residential to Pay $56M to Settle Antitrust Lawsuit
AI Summary
Equity Residential has entered into a settlement agreement to resolve a class action antitrust lawsuit. The company will pay an aggregate of $56.0 million into a settlement fund to address claims of alleged collusion with RealPage, Inc. and other multifamily housing owners to illegally fix and inflate rental prices. The agreement, signed on April 13, 2026, is pending preliminary and final approval by the United States District Court for the Middle District of Tennessee.
Key Highlights
- Equity Residential to pay $56.0 million to settle class action.
- Settlement resolves antitrust allegations regarding rent pricing.
- Agreement reached on April 13, 2026.
- Settlement is subject to court approval.