Technology,
Securities,
Civil Litigation
Feb. 1, 2021
Investors suing Robinhood face long odds, lawyers say
At least six lawsuits were filed against the Menlo Park-based company in federal courts across California Friday for restricting the trading of shares in GameStop, AMC Entertainment Holdings Inc., BlackBerry Ltd. and Nokia Oyj.
Robinhood users suing the online trading platform for blocking them from buying the hottest stocks on Wall Street likely face an uphill battle in court.
At least six lawsuits were filed against the Menlo Park-based company in federal courts across California Friday for restricting the trading of shares in GameStop, AMC Entertainment Holdings Inc., BlackBerry Ltd. and Nokia Oyj. Robinhood maintained it was to protect users from expos...
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