(Photo: Tada Images/Shutterstock.com) Robinhood Faces Lawsuits in Pa., but Litigation Over GameStop Trading Is Expanding Beyond the App
One attorney has filed a motion before the U.S. Judicial Panel on Multidistrict Litigation to coordinate 42 class actions into multidistrict litigation in the Northern District of California. Robinhood is one of 35 defendants and their subsidiaries facing lawsuits over the Jan. 28 trading halt, according to court papers.
February 09, 2021 at 10:56 AM
5 minute read
The original version of this story was published on National Law Journal
Litigation over a run on stock in GameStop and other companies—which touched off an abrupt trading halt Jan. 28—has expanded beyond Robinhood and its customers, with attorneys now alleging a conspiracy to manipulate the market that involved several other online trading platforms, hedge funds and clearinghouses.
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