Airbnb, New York in talks to resolve rental law lawsuit: source

Reuters News
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Posted: Oct 31, 2016 2:37 PM

NEW YORK (Reuters) - Airbnb and New York state are in discussions to resolve a lawsuit brought by the company against a law it said could expose it to significant penalties for advertising short-term apartment rentals, a person familiar with the matter said on Monday.

The potential accord was revealed after U.S. District Judge Katherine Forrest in Manhattan canceled a hearing that had been set for Monday. The person said the hearing was adjourned so both sides could "work out a consensual resolution."

(Reporting by Nate Raymond in New York; Editing by Andrew Hay)