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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. January 13, 2025

    Robinhood Users Oppose Arbitration Of 'Meme Stock' Claims

    Stock trading platform Robinhood has failed to lay the groundwork for sending user disputes to arbitration, seven users of the platform claimed Monday in a bid to keep their claims in federal court over the company's 2021 suspension certain so-called meme stock trades.

  2. December 10, 2024

    Robinhood Seeks Arb. For Remaining Meme Stock MDL Suits

    Stock trading platform Robinhood urged a Florida federal court to send to arbitration the seven remaining individual suits brought against it as part of a multidistrict litigation over the platform's decision to freeze trading in certain so-called meme stocks amid a social-media fueled run on shares of those issuers.

  3. July 24, 2024

    Meme Stock Investor Opposes Robinhood Settlement For Now

    A meme stock investor on Wednesday urged a Florida federal judge to deny a settlement between Robinhood and other traders who say they sustained losses when the exchange restricted trading of certain stocks during a social media fueled run, since he says he hasn't received any details on the deal.

  4. May 29, 2024

    Robinhood Reaches Deal To End 'Meme Stock' Investor Suit

    Robinhood Markets Inc. told a Florida federal judge Tuesday that it has reached a settlement with investors to resolve a suit over the trading platform's suspension of so-called meme stock purchases, saying it anticipates finalizing the deal within the next two weeks.

  5. April 22, 2024

    Robinhood 'Meme Stock' Investors Lose New Class Cert. Bid

    A Florida federal judge has denied a bid from Robinhood investors to file a new motion for class certification in a suit over the trading platform's suspension of so-called meme stock purchases, saying the deadline for class certification has passed and the investors have not shown a good reason to extend it.

  6. March 13, 2024

    Robinhood Says Investors Shouldn't Get Discovery Extension

    Trading platform Robinhood has told a Florida federal court that it should not be required to produce documents requested by investors in their "eleventh hour" motion to extend discovery in a suit alleging investors were damaged when Robinhood suspended purchases of so-called meme stocks to avoid a purported liquidity problem.

  7. November 14, 2023

    Investors Denied Class Cert. In Robinhood Meme Stock Suit

    A Miami federal judge has refused to certify a class of investors in so-called meme stocks who alleged they were hurt when trading platform Robinhood suspended purchases of those stocks to avoid a purported liquidity problem, finding the investors failed to show that common issues predominate their claims.

  8. May 01, 2023

    Investors Seek Cert. In Robinhood 'Meme Stock' MDL

    Investors in so-called meme stocks who allege they were hurt when trading platform Robinhood suspended purchases of those stocks to avoid a purported liquidity problem have asked a Miami federal judge to certify their proposed class, contending that the company has made a number of "unorthodox, convoluted" arguments that should not prevent the class from being certified.

  9. January 10, 2023

    Apex Meme Stock Suit Loses On 4th And Final Try

    Meme stock investors failed in their last attempt to plead claims against broker-dealer Apex Clearing Corp. after a Florida federal judge on Monday dismissed their suit looking to hold Apex liable for trading losses and declined to give them another shot at amending their complaint.

  10. October 17, 2022

    Robinhood Investors Urge 11th Circ. To Save Meme Stock Suit

    Investors who brought a proposed class action against Robinhood Markets Inc. alleging it illegally restrained trading on its app have urged the Eleventh Circuit to reverse the dismissal of their case, arguing a lower court wrongly determined the claim is inapplicable because the company's business is too different from that of another defendant.

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