Cosign files antitrust suit accusing TheGuarantors of monopolizing rental approval services
Policy & LegalUS
Cosign sued TheGuarantors in federal court in Delaware on Nov. 12, alleging it holds at least 66% of a national market for rental approval services through exclusive dealing arrangements with landlords, Bloomberg Law reported. The claims are allegations and have not been tested in court. The suit follows a case TheGuarantors filed against Cosign in Georgia in October, alleging that Cosign operates as an unlicensed insurer.
Why it matters
Operators that use guarantor or lease insurance programs may see contract terms with these providers, including exclusivity, examined as the two cases proceed.
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