Robinhood, Citadel slam amended antitrust complaint
Robinhood and Citadel say the traders have alleged no new facts to make their antitrust claim plausible.
Robinhood and Citadel say the traders have alleged no new facts to make their antitrust claim plausible.
Robinhood says it did not engage in manipulative conduct in January 2021 because investors were aware of its actions.
The law does not afford relief to every unfulfilled expectation, says Judge while ruling in favor of Robinhood in a short squeeze lawsuit.
Robinhood and Citadel are accused of having hatched an anticompetitive scheme to restrict retail investors’ access to specific stocks.
The Court has found that the complaint against Apex Clearing over its actions during the January short squeeze.
Traders caught up in the January short squeeze accuse Robinhood of violating the US Exchange Act by imposing stock trading restrictions.
The plaintiffs in a short squeeze lawsuit targeting companies such as Robinhood and Citadel need more time to draft an amended antitrust complaint.
Robinhood says that the assertions of stock traders who brought a short squeeze trading lawsuit against it are absurd.
The Court has found that traders embroiled in the January trading short squeeze have failed to plead conspiracy.
Interactive Brokers provides an update on the “Reddit-related short-squeeze” litigation stemming from January trading restrictions.