Hofstra Law Professor Ronald Colombo was quoted in the Newsday article “Lawsuits link Long Island property managers to alleged rent collusion.”
Excerpt
The Justice Department’s case is based on the idea that the defendants’ sharing of data with RealPage leads to an environment where landlords are less likely to lower rents — or lower them as much as they would if they didn’t use this software, said Ronald J. Colombo, a law professor at Hofstra University.
“If I know the secret sauce that goes into how my competitors are setting their prices and know that they’re not going to lower their rents, then I have much less incentive to lower mine,” he said.
Read the full article on the Newsday website (subscription needed).
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