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Robinhood Suits Come Daily, But an Outcome May Be Years Away

Robinhood Suits Come Daily, But an Outcome May Be Years Away Bloomberg 1/29/2021 © Photographer: Gabby Jones/Bloomberg (Bloomberg) Investors who sued online brokerages over claims they were unfairly blocked from trading shares of high-flying stocks like GameStop Corp. may have a long wait before their cases are resolved. Popular Searches So far, at least 18 lawsuits have been filed against Robinhood Markets in California, Connecticut, Florida, Illinois, New Jersey, Oregon, Pennsylvania and Texas, mostly alleging restrictions by the trading platform that amounted to a breach of contract, court records show. Some also seek damages on behalf of other aggrieved investors. While such claims already must overcome the broad powers brokerages have to block or restrict transactions on their platforms, the path through the courts could take months or even years to resolve, with mandatory arbitration in some cases and delays for consolidation of similar lawsuits, legal experts sai

Citi Trial Puts Banks on Notice to Make Sure They re Not Next

Citi Trial Puts Banks on Notice to Make Sure They re Not Next
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U S Clears Danske of Sanctions Breach, But Case Isn t Over

U.S. Clears Danske of Sanctions Breach, But Case Isn’t Over Bloomberg 12/19/2020 Morten Buttler © Bloomberg The Danske Bank A/S logo sits on its branch in Tallinn, Estonia, on Friday, Oct. 4, 2019. Danske was ordered by Estonia s regulator to pull out of the country earlier this year and is now the target of criminal investigations in Denmark, Estonia and the U.S. (Bloomberg) Danske Bank A/S probably didn’t breach U.S. sanctions when its Estonian unit handled billions of dollars in suspicious funds, meaning the lender could be facing a smaller fine than previously feared. Popular Searches

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