Robinhood (HOOD) Must Face Market Manipulation Claims - Reuters
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Robinhood must face U.S. market manipulation claims over 'meme stock' rally, judge rules
August 11, 2022 1:32 PM EDTBy Jody Godoy and Hannah Lang
(Reuters) -Stock trading platform Robinhood Markets Inc must face market manipulation claims over restrictions it placed on trading during last year's "meme stock" rally, a U.S. judge ruled on Thursday.
U.S. District Court Judge Cecilia Altonaga in Miami said in the ruling that investors in GameStop Corp, AMC Entertainment Holdings Inc and seven other stocks can proceed with a proposed class action lawsuit alleging the restrictions artificially depressed share prices.
The lawsuit was one of several cases brought against the retail trading platform after it temporarily barred customers... More
Robinhood (HOOD) Must Face Market Manipulation Claims Over Trading Restrictions During Last Year's "Meme Stock" Rally - U.S. Judge - Reuters
August 11, 2022 1:20 PM EDTRobinhood (NASDAQ: HOOD) Must Face Market Manipulation Claims Over Trading Restrictions During Last Year's "Meme Stock" Rally - U.S. Judge - Reuters
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