-The plaintiff accuses Yardi Systems Inc. and 18 property management companies of having orchestrated a nationwide scheme to illegally drive rent growth to unprecedented levels during the pandemic.
-The lawsuit was filed on behalf of a group of tenants who claim they were forced to pay illegal late fees, among other things.
-The lawsuit is seeking class-action status.
You can read this full article at: https://www.housingwire.com/articles/yardis-rent-setting-software-illegally-drove-rent-prices-up-for-millions-of-renters-lawsuit/(subscription required)
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