Yardi Scores a Win — For Now
In a recent victory, California Superior Court Judge Michael M. Markman granted Yardi summary judgment, calling source code analysis “critical” to determining whether clients actually used the software to fix rents.
He found no evidence of explicit data-sharing agreements among landlords and ruled that simply licensing Yardi’s tools isn’t proof of conspiracy.
Still, Hagens Berman’s Steve W. Berman said the plaintiffs aren’t deterred by Yardi’s state court success.
“We’ve marshalled evidence that will overcome any concerns raised in that ruling,” Berman said Friday.
Next Steps: Fairness Hearing Ahead
The FPI $3M Deal now heads toward a fairness hearing, where the court will decide whether to grant final approval.
FPI Management is represented by Charles H. Samel of Stoel Rives LLP. Plaintiffs are represented by Steve W. Berman, Theodore Wojcik, Stephanie Verdoia, Xiaoyi Fan, and Rio Pierce of Hagens Berman Sobol Shapiro LLP.
Yardi Systems is represented by Claire Martirosian and Richard W. Redmond of McNaul Ebel Nawrot & Helgren PLLC, along with Debevoise & Plimpton LLP’s Maura Monaghan, Michael Schaper, Abraham Tabaie, and David Sarratt.
