ACCESSWIRE

Airbnb, Inc. (ABNB) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged Wrongdoings

NEW YORK, NY / ACCESSWIRE / November 20, 2023 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Airbnb, Inc. ("Airbnb" or "the Company") (NASDAQ:ABNB). Investors who purchased Airbnb securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/abnb.

The investigation concerns whether Airbnb has violated federal securities laws.

Investigation Details:

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. On this news, Airbnb's stock price fell $4.47 per share, or 3.64%, to close at $118.17 per share on November 6, 2023.

What's Next?

If you are aware of any facts relating to this investigation or purchased Airbnb securities, you can assist this investigation by visiting the firm's site: bgandg.com/abnb. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.

There is No Cost to You

We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.

Why Bronstein, Gewirtz & Grossman:

Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.

Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson
332-239-2660 | info@bgandg.com

SOURCE: Bronstein, Gewirtz & Grossman, LLC



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