11d ago (edited) in Class Action Info
RealPage class action lawsuit payout - is $5,000+ realistic per sign-up?
🚨🚨If you've experienced significant rent increases since 2016, you might be eligible to recover a payout of between 15-21% of your total rent paid during this period if you sign up for the RealPage class action lawsuit and file a claim.
This potential compensation stems from allegations that RealPage's pricing software facilitated rent overcharges by multifamily landlords across the U.S.
ℹ️How the Settlement Amounts Are Calculated
The estimated recovery and payout percentages are derived from the following factors:
- ❗❗Alleged Overcharges: According to Mason LLP, a mass arbitration law firm involved in the lawsuit, RealPage's YieldStar software led to rent overcharges of approximately 5-7% since 2016.
- Treble Damages Provision: Under the Sherman Anti-Trust Act, damages can be tripled (trebled) in antitrust cases, potentially increasing the compensation to 15-21% of the overcharged amount.
For Example:
👪For an average renter who was exposed to the alleged landlord price-fixing overcharges, this could amount to a recovery of around $5,184 in compensation before the deduction of legal fees and costs.
✅🛎️Sign up and Join the RealPage class action lawsuit
If you believe you've been affected by RealPage's pricing software and wish to pursue compensation, you can quickly join the mass arbitration efforts led by Mason LLP via this secure sign-up form.
Their experience in handling such cases can provide the guidance and representation needed to win this case on behalf of plaintiffs nationwide. They have recovered over $1 billion for their clients in the past 30 years.
🧤✋How the RealPage class action lawsuit payout/settlement may work for you
From our research at the Class Action Community, the potential compensation of 15-21% of total rent paid since 2016 is achievable primarily through mass arbitration rather than traditional class action lawsuits which you may be more familiar with.
In a class action, a single lawsuit represents all affected individuals, often leading to a collective settlement that is divided among participants, resulting in smaller individual payouts. Conversely, mass arbitration involves filing numerous individual arbitration claims simultaneously, allowing each claimant's case to be considered separately.
This individualized approach from legal counsel can lead to higher compensation per person, as settlements are tailored to the specific damages incurred by each claimant.
🧑⚖️Law firms experienced in mass arbitration and class action lawsuits have highlighted several advantages of this strategy specific to the RealPage lawsuit:
1️⃣Higher Potential Compensation: By addressing each case individually, claimants may receive compensation more closely aligned with their specific damages.
2️Expedited Resolution: Mass arbitration can lead to quicker settlements compared to the often lengthy class action process.
3️⃣Individual Attention: Each claimant's unique circumstances are considered, potentially leading to outcomes that better reflect individual experiences.
❔🏠Factors Influencing Your Individual Payout
Several elements can affect the exact compensation amount from this lawsuit against the defendant (RealPage):
- Duration of Tenancy: Longer rental periods during the affected timeframe may result in higher compensation.
- Rent Amount: Higher monthly rents could lead to increased settlement figures.
Legal Representation: The choice between joining a class action or pursuing mass arbitration can influence the compensation received.
ℹ️Legal Fees and Costs
It's important to note that legal fees and associated costs will be deducted from any settlement amount. The exact percentage can vary depending on the agreement with your legal representation.
⭐✅Next Steps to Join the Legal Action
1️⃣Assess Your Eligibility
- Review Rental History: Determine if your landlord used RealPage's software during your tenancy.
- Consult Legal Counsel: Seek advice to understand your rights and the implications of joining.
2️Gather and Provide Necessary Documentation (Your "Testimony")
- Lease Agreements: Collect copies of your lease and any related communications.
- Payment Records: Compile records of rent payments and any notices of rent increases.
3️⃣ Sign up with a plaintiffs’ law firm handling the case
- You can complete this form to sign up for the lawsuit here
- Provide Required Information: Be prepared to share details about your rental experience and any supporting documents. Claimants will be notified for any further action needed as the lawsuit progresses and funds are distributed as part of a negotiated settlement and payout
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RealPage class action lawsuit payout - is $5,000+ realistic per sign-up?
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