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Angel Guzman, et al v. Robinhood Markets, Inc., et al
Case Number:
22-11873
Court:
Nature of Suit:
Companies
Sectors & Industries:
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June 27, 2024
11th Circ. Won't Revive Robinhood Investors' Meme Stock Suit
The Eleventh Circuit has affirmed a lower court's dismissal of an investor antitrust suit against Robinhood Markets and Citadel Securities, holding that the investors failed to allege any plausible anti-competitive effects that occurred as a result of the platforms allegedly conspiring to restrict trades of "meme" stocks like GameStop in 2021.
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October 05, 2023
Investors Claim Robinhood Stopped Trades In Suit Revival Bid
A group of retail investors urged the Eleventh Circuit on Thursday to revive their antitrust lawsuit against Robinhood Markets Inc. and Citadel Securities, saying the investors have sufficiently alleged the two companies conspired to restrict trades in 2021 and made it harder to switch to a competitor in the no-fee brokerage market.
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February 06, 2023
Robinhood Traders Urge 11th Circ. To Save Meme Stock Suit
A group of retail investors alleging Robinhood Markets Inc. and its market maker illegally conspired to restrict trades in so-called meme stocks urged the Eleventh Circuit to revive their case, arguing they have enough facts to sketch out a plausible scheme and were wronged in a relevant market.
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October 17, 2022
Robinhood Investors Urge 11th Circ. To Save Meme Stock Suit
Investors who brought a proposed class action against Robinhood Markets Inc. alleging it illegally restrained trading on its app have urged the Eleventh Circuit to reverse the dismissal of their case, arguing a lower court wrongly determined the claim is inapplicable because the company's business is too different from that of another defendant.