IN RE: January 2021 Short Squeeze Trading Litigation

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Case overview

Case Number:

1:21-md-02989

Court:

Florida Southern

Nature of Suit:

Contract: Other

Multi Party Litigation:

Class Action, Multi-district Litigation

Judge:

Cecilia M. Altonaga

Firms

Companies

Sectors & Industries:

May 13, 2022
Robinhood Gets 'Meme Stock' Antitrust Claims Axed For Good

A Florida federal judge has dismissed investors' third attempt to plead antitrust claims against Robinhood and Citadel Securities for purportedly blocking investors from buying "meme stocks" during last year's market volatility, ruling that the investors failed to adequately allege a conspiracy between the stock-trading platform and the financial services firm.
February 22, 2022
Robinhood Says Investors' Antitrust 'Meme Stock' Claims Fail

Robinhood and Citadel Securities are urging a Florida federal judge to toss investors' third attempt to plead antitrust claims against the stock-trading platform and financial services firm for allegedly blocking investors from buying "meme stocks" during last year's market volatility.
January 27, 2022
Robinhood Defeats Investors' 'Meme Stock' Claims

Robinhood on Thursday defeated claims that it wrongly blocked investors from buying "meme stocks" during last year's market volatility, with a Florida federal court finding the stock-trading platform acted within the scope of its customer agreement.
January 10, 2022
Robinhood Fights 'Meme Stock' Claims As Apex Gets A Win

Apex Clearing Corp. on Monday shook claims that it wrongly blocked investors from buying "meme stocks" during last year's market volatility, while Robinhood argued it too should prevail against investors' claims of market manipulation.
November 18, 2021
Robinhood MDL Gets Its Antitrust Wing Clipped By Fla. Judge

Robinhood, Citadel Securities and other financial services firms have shaken free of antitrust claims in multidistrict litigation tied to January's "meme" stock trading frenzy, though a Florida federal judge is giving investors one more chance to allege a conspiracy among the companies.
October 15, 2021
Rosen Law Firm To Lead Class In Robinhood MDL

A Florida federal judge appointed the Rosen Law Firm PA on Friday to lead multidistrict litigation that alleges stock-trading app Robinhood caused more than $10 billion in market capitalization losses after its customers were hit in January with trading restrictions on certain stocks.
September 22, 2021
Investors Say Robinhood's MDL Dismissal Bid Is Too Early

Investors who allege Robinhood and other securities trading platforms colluded to freeze "meme stock" purchases in January slammed the companies' motion to dismiss their multidistrict litigation on Tuesday, telling the judge that they successfully alleged an antitrust conspiracy and arguing it is too early to dismiss the case anyway.
September 03, 2021
Top Florida Cases To Watch For The Rest Of 2021

As 2021 turns for the homestretch, Florida courts are primed to tackle the fallout from several major events that gripped national headlines, from the tragic Surfside condominium collapse to the stock market frenzy stirred up by users of the Robinhood trading app.
August 31, 2021
Robinhood Seeks To Nix MDL Over 'Meme Stock' Restrictions

Robinhood and other financial services firms pushed to dismiss key negligence and antitrust claims lodged against them in multidistrict litigation over trading restrictions during January's "meme stock" trading frenzy.
July 28, 2021
2 Firms Seek To Rep Investors In Sprawling Robinhood Suit

The Rosen Law Firm PA and Bursor & Fisher PA have filed lead plaintiff bids in consolidated actions that are part of multidistrict litigation alleging stock-trading app Robinhood caused more than $10 billion in market capitalization losses after its customers were hit in January with trading restrictions on certain stocks.