A federal judge dismissed a lawsuit by Airbnb and New Orleans residents, challenging a new short-term rental law.

The plaintiffs argue that the city's vague restrictions infringe on their right to lease their properties and realize their full value. Advertisement

They also claim significant financial losses due to investments made in property renovations.

On Monday, a federal judge ruled: "There is no fundamental right to rent out residential property on a short term basis."

Judge Zainey said residential property owners aren't due the right to lease out their homes. The judge also required the platforms to verify property listings before users make their bookings. It upholds a city council ordinance that went into effect in August.

The lawsuit follows a heated citywide debate over

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