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Investigation announced for Investors who purchased shares of Airbnb, Inc. (NASDAQ: ABNB) over possible Violations of Securities Laws

12-06-2023 01:14 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Airbnb, Inc. (NASDAQ: ABNB) shares over potential securities laws violations by Airbnb, Inc.

An investigation for investors in Airbnb, Inc. (NASDAQ: ABNB) shares over potential securities laws violations by Airbnb, Inc.

An investigation was announced for investors of Airbnb, Inc. (NASDAQ: ABNB) shares over potential securities laws violations by Airbnb, Inc.

Investors who purchased shares of Airbnb, Inc. (NASDAQ: ABNB), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Airbnb, Inc. (NASDAQ: ABNB) concerning whether a series of statements by Airbnb, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On November 6, 2023, it was reported that an Italian judge ordered the seizure of 779.5 million euros ($836.40 million) from Airbnb's European headquarters in Ireland for alleged tax evasion. According to the Milan Prosecutors' office, the probe concerns Airbnb's alleged failure to withhold 21% of landlords' rental income and pay it to Italian tax authorities, as required by a 2017 law. In addition, the Milan Prosecutors' office stated that three people who held managerial roles between 2017 and 2021, the period covering the alleged violation, are under investigation and are jointly targeted by the money seizure order.

Those who purchased shares of Airbnb, Inc. (NASDAQ: ABNB) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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