On Tuesday, retail investors filed two consolidated class action complaints against Robinhood, its affiliates, and a host of financial firms following the
Amended Complaints Take on Robinhood and Others in Short Squeeze Multi-District Litigation
17 hours ago
On Tuesday, retail investors filed two consolidated class action complaints against Robinhood, its affiliates, and a host of financial firms following the January 28 shut down of Robinhood’s stock platform amidst a short squeeze.
The Southern District of Florida multidistrict litigation is a collection of several dozen cases, like one filed just after the well-publicized outage. User lockouts last year caused the Financial Industry Regulatory Authority to levy its highest fine ever against the popular trading platform.
One of the cases, proceeding before Southern District of Florida Chief Judge Cecilia M. Altonaga has several “tranches.” One is based on Robinhood and other financial food chain players’ purportedly tortious acts like negligence and gross negligence.
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Investors Fight El Pollo Loco Insider Trading Suit Toss In Del.
Law360 (April 23, 2021, 4:58 PM EDT) Class attorneys seeking derivative damages for restaurant chain El Pollo Loco over some $118 million in alleged insider trades told a Delaware vice chancellor on Friday that earlier cash settlements targeting the same actions should weigh against a board special committee s call for dismissal.
Peter Safirstein of Safirstein Metcalf LLP, counsel for the class representative in the case, told Vice Chancellor Kathaleen S. McCormick that enough material, factual disputes also remain regarding the independence of an EPL board s special litigation committee that recommended dismissal of the suit to justify denial and further discovery.
Miller Law LLC and Safirstein Metcalf LLP Announce Notice of Certified Litigation Class Action in In re Namenda Indirect Purchaser Antitrust Litigation
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UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK
NOTICE OF CERTIFIED LITIGATION CLASS ACTION
PLEASE READ THIS ENTIRE NOTICE CAREFULLY. A UNITED STATES FEDERAL COURT AUTHORIZED THIS NOTICE. YOUR RIGHTS MAY BE AFFECTED BY THE PROCEEDINGS IN THIS ACTION. THIS NOTICE ADVISES YOU OF YOUR RIGHTS AND OPTIONS WITH RESPECT TO THIS ACTION.
This class certification Notice provides class members with a deadline of May 28, 2021, to exclude themselves from the Third-Party Payor ( TPP ) Class.
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