Robinhood seeks to depose seven brokers in short squeeze lawsuit
Robinhood seeks to depose several brokers, including: Apex, Axos, Interactive Brokers, TradeStation, and E*TRADE.
Robinhood seeks to depose several brokers, including: Apex, Axos, Interactive Brokers, TradeStation, and E*TRADE.
Traders suing Robinhood over trading restrictions imposed in early 2021 have suffered another bitter defeat in Court.
Online brokerage Robinhood argues that traders do not even understand the substance of the action.
Robinhood has opposed the appeal filed by a group of traders who claim to have been negatively affected by the January 2021 short squeeze.
Traders insist that there was an anticompetitive agreement between Robinhood and Citadel that was related to the January 2021 short squeeze.
Robinhood insists that the complaint alleging it was involved in market manipulation in January 2021 should be dismissed.
Interactive Brokers provides an update on the “Reddit-related short-squeeze” litigation stemming from January trading restrictions.
According to the traders, Citadel mischaracterizes the SEC’s Report and cherry picks portions that expand its arguments.
Robinhood Markets Inc accrued legal and regulatory contingencies of $33.1 million at the end of Q3 2021.
Citadel Securities, which is accused of participating in market conspiracy that led to the January short squeeze events, refers to SEC report.