Robinhood Trading Blocks Draw Lawsuits And Lawmakers' Ire

Law360 (January 28, 2021, 1:42 PM EST) -- Online stock trading platform Robinhood was sued in at least seven federal courts on Thursday within hours of its decision to block users from buying shares of GameStop and other volatile stocks recently caught up in a trading frenzy.

Online stock trading platform Robinhood was sued Thursday over its decision to restrict users from buying shares of GameStop. (AP Photo/John Minchillo) The federal lawsuits filed in states including New York and California could be the first in a wave of litigation against the popular trading app over its handling of a surge in activity connected to an apparent trading war between...

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