Robinhood (HOOD) Must Face Market Manipulation Claims - Reuters

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Go back to Robinhood (HOOD) Must Face Market Manipulation Claims - Reuters

Robinhood must face U.S. market manipulation claims over 'meme stock' rally, judge rules

August 11, 2022 1:32 PM EDT

By Jody Godoy and Hannah Lang

(Reuters) -Stock trading platform Robinhood Markets Inc must face market manipulation claims over restrictions it placed on trading during last year's "meme stock" rally, a U.S. judge ruled on Thursday.

U.S. District Court Judge Cecilia Altonaga in Miami said in the ruling that investors in GameStop Corp, AMC Entertainment Holdings Inc and seven other stocks can proceed with a proposed class action lawsuit alleging the restrictions artificially depressed share prices.

The lawsuit was one of several cases brought against the retail trading platform after it temporarily barred customers... More

Robinhood (HOOD) Must Face Market Manipulation Claims Over Trading Restrictions During Last Year's "Meme Stock" Rally - U.S. Judge - Reuters

August 11, 2022 1:20 PM EDT

Robinhood (NASDAQ: HOOD) Must Face Market Manipulation Claims Over Trading Restrictions During Last Year's "Meme Stock" Rally - U.S. Judge - Reuters

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