David Wesley Burns

Sep 17, 2024 | jdsupra.com | Megan Browdie |David Wesley Burns |Sharon Connaughton

The US Department of Justice (DOJ) filed a complaint and proposed consent decree alleging that Legends Hospitality Parent Holdings prematurely acquired beneficial ownership – often referred to as “gun jumping” – in connection with its proposed acquisition of ASM Global.

Sep 10, 2024 | jdsupra.com | David Wesley Burns |Parker Erkmann |Kathleen O'Neill

On August 23, 2024, the Department of Justice (DOJ) sued real estate software company RealPage alleging the company’s software reduces competition between landlords, resulting in inflated rents and less favorable lease terms for renters. Specifically, the DOJ alleges that RealPage requires subscribing landlords to share their nonpublic pricing and occupancy information with RealPage, then RealPage uses the data to recommend prices for landlords competing in the same geographic areas.