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What will be the outcome of the FBI investigation into Cortland Management by June 30, 2025?
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Resolution / Starting Odds
Criminal charges filed • 33%
Civil penalties imposed • 33%
No action taken • 34%
Official court documents or news reports from credible sources
Story
FBI Raids Cortland Management Over Nationwide Rent Hikes and Price-Fixing Allegations
Jun 3, 2024, 01:57 AM
The FBI has conducted a raid on Cortland Management, a major corporate landlord, over allegations of price-fixing in the multifamily housing market. The investigation is part of a broader nationwide crackdown on a conspiracy to artificially inflate rental prices. Reports indicate that the conspiracy involves coordination with the software firm RealPage, which allegedly facilitated the collusion by sharing pricing information and keeping units off the market. This practice, which began in 2016, has raised concerns about its impact on rental values and the financial stability of property owners. The FBI's actions highlight the severity of the alleged rent hikes and their widespread implications.
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No charges • 33%
Fines imposed • 33%
Executives charged • 34%
Indictments issued • 25%
Settlement reached • 25%
No action taken • 25%
Ongoing investigation • 25%
Settled out of court • 33%
Decided in court • 33%
Ongoing litigation • 33%
No charges filed • 33%
Charged but not convicted • 33%
Convicted • 34%
No further action • 33%
New investigation launched • 33%
Disciplinary action taken • 34%
No Action • 33%
Fines Imposed • 33%
Other Sanctions • 34%
No significant findings • 34%
Minor policy violations found • 33%
Major violations and reforms required • 33%