Traders to issue document subpoenas to DTCC in short squeeze lawsuit against Robinhood
Traders plan to issue third-party document subpoenas to Robinhood’s six market makers and to DTCC.
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.
The traders have not articulated what their new allegations in the short squeeze lawsuit will be, Robinhood says.
Apex Clearing argues that it did not breach any duties when it refused to accept new purchase orders for certain stocks.
A new report on the meme stock market may lead to an amended complaint against Robinhood over the events from January 2021.
Traders suing Apex Clearing for its actions during the January 2021 short squeeze have responded to its attempt to nix the complaint.
Traders ask whether Robinhood’s imposition of trading restrictions subjects the broker to liability under state tort and contract law.