Press release
Investigation announced for Investors in shares of Airbnb, Inc. (NASDAQ: ABNB) over potential Wrongdoing
An investigation on behalf of investors in Airbnb, Inc. (NASDAQ: ABNB) shares over potential wrongdoing at 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 concerns whether certain Airbnb, Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
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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