Attorney General Phil Weiser announces $7M settlement with corporate landlord LivCor for role in algorithmic rent-setting scheme

Colorado's Attorney General secured a $7 million settlement from LivCor, a corporate landlord, for its involvement in an algorithmic rent-setting scheme. The settlement resolves allegations that the company used algorithmic pricing mechanisms to inflate rental rates in violation of consumer protection laws. This settlement represents enforcement action against algorithmic pricing practices in the residential rental market.

This is a curated brief from the PlaintiffWire news desk. Read the original report at Colorado Attorney General (.gov).