Yardi Statement about the Mach v Yardi et al. Summary Judgement Win

On February 8, 2024, a class action lawsuit called Mach was filed in California state court against Yardi and some Yardi customers who use Yardi’s Revenue IQ (formerly RENTmaximizer) software. The Mach lawsuit alleged Yardi conspired with its clients through Revenue IQ to exchange competitively sensitive and non-public information to illegally inflate rent prices and suppress lease supply.¹

On October 6, 2025, Yardi obtained a complete victory on the merits in Mach. The Court granted summary judgment, confirming that Revenue IQ does not violate California’s antitrust and unfair competition laws because it does not, and by design cannot, use any client’s confidential pricing information to recommend pricing for any other client.

Yardi has steadfastly maintained that its Revenue IQ software is a legitimate tool that helps customers operate more efficiently based on public data and each customer’s own data, individual goals, and business priorities. Yardi has now conclusively proven that point.

Yardi’s unwavering confidence in the integrity of its Revenue IQ software from the very beginning led it to ask the Court for the opportunity to show that Revenue IQ does not do any of the unlawful things Plaintiffs falsely alleged.

In its decision, the Court concluded that “Yardi’s forthright decision to produce its source code and related evidence in the initial phases of discovery was critical to answering key questions concerning the sharing and use of rental price information to generate price recommendations” and ended the case.

In sum, Yardi proved that its revenue management software is not and cannot be a vehicle for unlawful price fixing, and the Court’s thorough decision in Mach represents a sweeping vindication of Revenue IQ. The Court’s full Order is available here.

The same flawed claims in Mach were also asserted in an on-going federal lawsuit called Duffy. ↩︎