Citadel leans on SEC report in short squeeze trading lawsuit
Citadel Securities, which is accused of participating in market conspiracy that led to the January short squeeze events, refers to SEC report.
Citadel Securities, which is accused of participating in market conspiracy that led to the January short squeeze events, refers to SEC report.
Robinhood, which is under fire for the trading restrictions imposed in January 2021, revives its motion to dismiss short squeeze lawsuit.
Apex Clearing claims that traders were not only were chasing a market bubble, but also helped create the bubble in meme stocks.
Citadel argues that the traders have utterly failed to plead a cognizable antitrust claim that can survive a motion to dismiss.
The Court has denied as moot Robinhood’s motion to dismiss allegations about illegal trading restrictions during the January short squeeze.
Traders who brought a large “short squeeze” lawsuit claim the actual client of Robinhood is Citadel Securities.
The Customer Agreement expressly permitted Robinhood to implement the restrictions it imposed on January 28, 2021, the broker argues.
Citadel Securities claims that the conspiracy theory at the heart of a “short squeeze” lawsuit brought by traders rings hollow.
Interactive Brokers believes that the claims asserted against IB LLC and its affiliates lack merit on their face.
Only five companies of those sued for the January short squeeze have started producing documents but the data is too much to handle.