Stock traders appeal from Court order in favour of Apex Clearing in short squeeze lawsuit
Stock traders have filed an appeal from a District Court order in favour of Apex Clearing in a short squeeze lawsuit.
Stock traders have filed an appeal from a District Court order in favour of Apex Clearing in a short squeeze lawsuit.
Apex Clearing has secured dismissal of the fourth class action complaint in a short squeeze lawsuit.
Apex Clearing argues that it did not breach any duties when it refused to accept new purchase orders for certain stocks.
Traders suing Apex Clearing for its actions during the January 2021 short squeeze have responded to its attempt to nix the complaint.
Apex Clearing seeks to dismiss the fourth amended complaint against it stemming from events that occurred in January 2021.
The Court has found that the complaint against Apex Clearing over its actions during the January short squeeze.
Traders embroiled in a short squeeze lawsuit claim Apex’s imposition of unwarranted hours-long Purchase Shutdown is classic negligence.
Apex Clearing claims that traders were not only were chasing a market bubble, but also helped create the bubble in meme stocks.
As a result of the merger, which values Apex Clearing at $4.7 billion post-money, Apex will list on the NYSE.