Early Robinhood Ruling Marks Rocky Start For Traders' Suits

By Dean Seal (February 11, 2021, 8:30 PM EST) -- 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.

This Thursday, Dec. 17, 2020 photo shows the logo for the Robinhood app on a smartphone in New York. (AP Photo/Patrick Sison) U.S. District Judge Virginia Phillips on Wednesday denied Robinhood user Levi Cobos' request for a temporary restraining order that would force the online trading platform to abstain from any further limitations on trading in any stock, including...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!