Ron Machol, @ Zachor Legal Institute, December 15, 2020
At
this point, it is not known whether Airbnb will resume boycotting
Jewish property owners in exchange for being removed from the UN
blacklist, which makes full disclosure of the issue imperative.”— Marc Greendorfer, President of Zachor Legal Institute
RED LEVEL, AL, USA, December 15, 2020 /EINPresswire.com/
-- Two years ago, Airbnb announced that they would stop listing certain
Jewish-owned properties, a blatant case of antisemitism.
Airbnb’s boycott of Jewish-owned properties in the historic land of
Israel violated US federal and state laws, and after lawsuits were
filed, and other actions threatened against Airbnb, the company
ultimately rescinded their boycott of Jewish-owned businesses.
Airbnb’s discriminatory actions indicated that they are not averse to
such steps, and there is a risk that they may re-institute such a
boycott in the future.
Airbnb’s Registration Statement filed with the US Securities and
Exchange Commission (SEC) ahead of the IPO made no mention of the fact
that Airbnb has a record of elevating third-party stakeholder interests
over shareholder expectations of profit, an omission that Zachor Legal
Institute identified as a likely violation of SEC rules requiring that
registrants provide investors with all relevant material facts. In
addition to Airbnb’s failure to discuss its propensity for violating
established Delaware law on shareholder wealth maximization, Airbnb
utterly failed to discuss the financial impact of losing tax benefits as
a result of engaging in unsanctioned boycotts.
Among Zachor Legal Institute’s
areas of focus is confronting discriminatory boycotts that have been
promoted by a group known as the Boycott, Divest and Sanction (“BDS”)
movement. The BDS movement has deep and extensive ties to designated
foreign terrorist organizations, including Hamas and the Popular Front
for the Liberation of Palestine and has infiltrated a number of
organizations to spread a discriminatory agenda aimed at Jews and
companies that do business with and in Israel.
To spread its unlawful boycott, the BDS movement (including through
its allies at the United Nations) has published a blacklist of Israeli
companies that it targets for boycotts. To cloak its illicit activities
with a patina of legitimacy, BDS movement operatives have lobbied a
number of corporate social responsibility (“CSR”) organizations and
coerced them into including Jewish-owned companies on their blacklists
for no reason other than the fact that the companies operate in Israel
or have pro-Israel individuals in management.
Boycotts of Israel are prohibited under federal law in the United
States. Companies that engage in prohibited boycotts can be subjected to
prosecution and can also lose tax benefits. Furthermore, approximately
half of all states in the United States have enacted laws that prohibit
those states from entering into contracts with, or investing in, any
company that participates in boycotts against Israel.
Marc Greendorfer, President of Zachor Legal Institute, remarked:
"In the past several years, Airbnb has been involved in unlawful and
discriminatory boycotts of Jewish property owners. Airbnb’s policy was
blatantly antisemitic, as it banned Jewish property owners from
participating in its rental programs while allowing non-Jewish property
owners in the same area to list properties. In addition, although there
are more than 100 disputed territories designated by the UN, Airbnb
chose to target only Israel.
As a consequence of Airbnb’s adoption of the BDS movement’s unlawful
discriminatory boycotts of Jews, Airbnb was sued in a number of American
courts as well as in Israel and was reported to federal authorities.
Ultimately, Airbnb rescinded its discriminatory boycott of Jews and, for
doing this, was placed on the UN blacklist. At this point, it is not
known whether Airbnb will resume boycotting Jewish property owners in
exchange for being removed from the UN blacklist, which makes full
disclosure of the issue imperative. There is every reason to believe
that antisemitic activists will resume pressuring Airbnb when they see
that Airbnb’s securities are publicly traded."
About Zachor Legal Institute: Zachor Legal Institute, a 501(c)(3)
non-profit organization, uses the law to defend against anti-Semitism
and delegitimization of Israel, with a focus on opposing BDS. To learn
more, please visit www.zachorlegal.org.