Airbnb Drops Lawsuit with the State of New York

"Airbnb Inc. is dropping a lawsuit against New York state, focusing its efforts instead on New York City where a recent law will be enforced that fines hosts as much as $7,500 for advertising many common short-term rentals," reports Greg Bessinger.

News about the lawsuit broke at the end of October, so the narrative arc on this story was brief. "In a procedural move, Airbnb and New York Attorney General Eric Schneiderman filed paperwork Tuesday indicating the regulations are the jurisdiction of New York City and that they agree the suit against the state should be dismissed," explains Bessinger.

It's the latest in a string of developments in the lawsuits between Airbnb and cities. Earlier in November, the company and the city of San Francisco produced a détente in their ongoing legal battles.

[The Wall Street Journal article might be behind a paywall for some readers.]