Several lawsuits about Robinhood data security incident may be consolidated
Robinhood gets extra time to prepare its response in a lawsuit about a data security incident as the action gets stayed.
Robinhood gets extra time to prepare its response in a lawsuit about a data security incident as the action gets stayed.
Robinhood is no longer accused of initiating the spammy “refer-a-friend” messages but it is accused of assisting their transmission.
SEC staff will transfer $6,549,141 from the Robinhood Fair Fund to the Fair Fund’s escrow account to distribute the money to eligible investors.
Robinhood shares are now down 74% from their $38 IPO price in July, and 88% from their $85 peak set in the weeks post IPO.
The law does not afford relief to every unfulfilled expectation, says Judge while ruling in favor of Robinhood in a short squeeze lawsuit.
This is a civil forfeiture action against $968,367.18 in funds seized from Robinhood Markets, Inc. account held in the name of Choman Ali.
Robinhood CEO Vlad Tenev either benefitted financially from the improper conduct, or received bonuses or other compensation from Robinhood.
Robinhood and Citadel are accused of having hatched an anticompetitive scheme to restrict retail investors’ access to specific stocks.
At a time when many companies are calling for employees to return to the office, Robinhood has decided to go the other way.
Robinhood insists that the complaint alleging it was involved in market manipulation in January 2021 should be dismissed.