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:

  1. July 27, 2021

    Investors Say Robinhood Restrictions Caused $10B In Losses

    Investors who were thwarted from buying shares of GameStop and other volatile stocks earlier this year are arguing that stock-trading app Robinhood failed to properly capitalize its business and implement adequate risk controls, leading to trading restrictions that the investors say caused more than $10 billion in market capitalization losses.

  2. May 18, 2021

    Diverse Team To Lead MDL Against Robinhood, Other Brokers

    A diverse group of 10 attorneys will guide investors' claims in multidistrict litigation against stock-trading app Robinhood and other broker-dealers for blocking investors from buying shares of GameStop and other volatile stocks earlier this year, under appointments made by a Florida federal court Tuesday.

  3. April 27, 2021

    Robinhood MDL Attorneys Vie For Leadership Roles

    Competition is heating up among attorneys aiming to lead multidistrict litigation arising from retail investors' outrage after stock-trading app Robinhood and other broker-dealers blocked them from buying certain volatile stocks, including GameStop, earlier this year.

  4. April 22, 2021

    Snapshot: How The Robinhood Trading MDL Is Shaping Up

    When consumer trading app Robinhood blocked users from buying GameStop and other popular stocks, it sparked congressional hearings and several federal lawsuits. Here, Law360 Pulse looks at the claims presented in the suits, where those cases will take place, and who will oversee and litigate the matter.

  5. April 15, 2021

    Bursor & Fisher Makes Play To Lead Robinhood MDL

    Bursor & Fisher PA touted its experience in class actions and multidistrict litigation as well as multiple clients with significant financial interest as it made a bid Wednesday to lead multidistrict litigation over stock-trading app Robinhood's decision to block users from buying certain volatile stocks including GameStop.

  6. April 06, 2021

    Rosen Law Aims To Lead Securities Claims In Robinhood MDL

    The Rosen Law Firm PA on Tuesday sought to spearhead securities claims against Robinhood in newly centralized suits over the stock-trading app's decision to block users from buying certain volatile stocks such as GameStop.

  7. April 02, 2021

    Robinhood Restricted-Trading Suits Will Play Out In Florida

    Dozens of lawsuits against stock-trading app Robinhood over its move to block users from buying shares of GameStop and other volatile stocks will be centralized and moved to the Southern District of Florida, the U.S. Judicial Panel on Multidistrict Litigation said.