00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Airbnb must face a lawsuit from Los Angeles accusing the company of price gouging
00:07during the January 2025 Southern California wildfires, according to Reuters.
00:12A California Superior Court judge ruled that the city can pursue claims that Airbnb violated
00:18state and city laws by advertising and charging rental prices set by hosts.
00:22The July lawsuit accused Airbnb of illegally raising prices on more than 2,600 rentals
00:29after Governor Gavin Newsom declared a state of emergency and the state's price gouging law took effect.
00:35Airbnb disputed the allegations and said it supports Los Angeles' recovery and rebuilding efforts.
00:40The Southern California wildfires killed at least 31 people,
00:45damaged or destroyed more than 16,000 structures, and burned an area larger than Paris.
00:50For all things money, visit Benzinga.com.
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