Aug 8 (Reuters) - The U.S. Justice Department said on Friday that it had filed a proposed settlement to resolve claims against apartment manager Greystar in a case alleging algorithmic collusion and anticompetitive practices in rental markets.
If approved, the settlement would require Greystar, among other conditions, to refrain from using any anticompetitive algorithm that generates pricing recommendations using its competitors' data, the Justice Department said.
Greystar did not immediately respond to a request for comment.