February 11, 2021
A California federal judge's decision not to grant a temporary restraining order against Robinhood may not bode well for the fate of roughly 50 federal lawsuits the company faces over trading restrictions it imposed for GameStop and other volatile stocks last month.
February 10, 2021
A California federal judge indicated Wednesday that she is unlikely to issue a temporary restraining order or preliminary injunction against Robinhood Financial LLC to prevent it from blocking specific transactions on volatile stocks after a user suing the company said the online trading platform's recent actions were "unprecedented."
February 01, 2021
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.