Lawsuits Mount As Robinhood Eases Trading Restrictions
By Dean Seal (February 1, 2021, 9:09 PM EST) -- Online stock trading platform Robinhood is facing more than 30 civil lawsuits over its decision last week to block users from buying shares of GameStop and other volatile stocks recently caught up in a trading frenzy.
The flow of new suits, filed in federal courts all over the country since Thursday, seemed to slow Monday morning at the same time that Robinhood cut the number of companies facing trading restrictions from 50 to just eight, including GameStop, AMC Entertainment Holdings and BlackBerry, which are still subject to strict buying limits.
But the reduced restrictions are unlikely to appease the many Robinhood...
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