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...
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