Robinhood and Citadel have secured dismissal of the third antitrust complaint related to the January 2021 short squeeze. Chief Judge Cecilia M. Altonaga of the Florida Southern District Court has axed the complaint. Let’s recall that this putative class action is brought on behalf of individual investors who suffered losses as a result of Robinhood’s response to a “short squeeze” — a situation in which stocks or other assets rise sharply in value, distressing short positions. This short squeeze occurred in late January 2021, as the Retail Investors purchased the Relevant Securities en masse over a short period of ... (full story)