Airbnb settles NY lawsuit
New York City – 23 November 2016
Airbnb has settled its lawsuit against New York state over a new law restricting short-term rentals, with both sides agreeing that New York City, not the state, is responsible for enforcing it, Bloomberg reported.
Airbnb and New York Attorney General Eric Schneiderman agreed in court papers filed on Tuesday that the state would be dismissed from the suit.
The new law prohibits advertising of short-term rentals – less than 30 days – with violators facing fines of as much as US$7,500.
Hours after Governor Andrew Cuomo signed the bill into law … Read More