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Robinhood revives efforts to nix short squeeze lawsuit
Shortly after Chief Judge Cecilia M. Altonaga of the Florida Southern District Court denied Robinhood's motion to dismiss a complaint concerning the January short squeeze, the company has revived the motion. On October 15, 2021, Robinhood Markets, Inc., Robinhood Financial LLC and Robinhood Securities, LLC submitted a memorandum of law in support of their Motion to Dismiss the Amended Consolidated Class Action Complaint for the Robinhood Tranche for failure to state a claim. Let’s recall that the case stems from events that occurred in late January 2021, when thousands of traders were prevented from trading a ... (full story)