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Robinhood Lawsuit Demand Causes PACER to Crash


Stephen Brown took stock of the phenomenon:
Unbelievable. ECF in Southern District of New York appears down because people are trying to access the class action against @RobinhoodApphttps://t.co/Z3GrqXt51n
As Law&Crime reported earlier on Thursday, lawsuits, at least one of them a class action, were filed against the wildly popular retail brokerage Robinhood over the company’s decision to freeze trading on certain equities favored by the r/WallStreetBets subreddit after several days of intense buying pressure forced multiple hedge funds into billion-dollar losses.
The demand for those court filings might be said to have been commensurate with–or at least somewhat to–the organic demand for the since-frozen stocks themselves. ....

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Robinhood Sued by Investor, Claims He Got Screwed by Trading Halt


Robinhood Sued by Investor, Claims He Got Screwed by Trading Halt
Robinhood Sued
Investor Says He Got Screwed .
By Unfair Trading Halt
Exclusive
Getty
A man with a major investment in BlackBerry options claims his finances are taking a dive due to Robinhood halting trading on his stock . a move he believes was made to protect Wall Street s hedge fund bros.
Richard Joseph Gatz of Illinois is going after the financial services company, after it stopped allowing individuals to buy stock in companies at the center of the current battle between Reddit investors and hedge fund managers . including GameStop, AMC, BlackBerry and Nokia. ....

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