Robinhood, traders fail to reach agreement in short squeeze litigation
Robinhood and traders fail to reach an agreement in a lawsuit concerning Robinhood’s restrictions on trading in January 2021.
Robinhood and traders fail to reach an agreement in a lawsuit concerning Robinhood’s restrictions on trading in January 2021.
Traders argue that Robinhood’s intrusive fishing expedition for documents of dubious relevance should be denied.
Stock traders affected by the January 2021 short squeeze claim that Robinhood’s discovery requests are too burdensome.
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.
Traders plan to issue third-party document subpoenas to Robinhood’s six market makers and to DTCC.
Robinhood insists it did not engage in any allegedly manipulative acts during the January 2021 short squeeze.
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 accusing Robinhood of market manipulation will not amend their complaint in a short squeeze lawsuit.
Robinhood fails to beat all market manipulation claims arising from the trading restrictions it imposed during the January 2021 short squeeze.