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:

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.
August 11, 2022
Robinhood Can't Yet Ditch 'Meme Stock' Manipulation Claims

A Florida federal judge on Wednesday refused to throw out investors' claims that Robinhood manipulated the stock market when it restricted trading on "meme stocks" during last year's market volatility, finding that they've plausibly alleged that Robinhood acted willfully to lower the prices of the affected stocks.
June 23, 2022
Traders' 4th Bite At 'Meme Stock' Apple Still Rotten, Apex Says

"Meme stock" investors have once again failed to show that broker-dealer Apex Clearing Corp. caused their trading losses and failed in its duty to them, the firm told a Florida federal court in a bid to dismiss the traders' fourth complaint.
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.