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HOOD.US
id: 658, Created by Stan Vick Chase, Scout
Join "2021 Robihood Financial Short Squeeze Case" to Fight Losses
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
How it works?
- We find Attorney for the Case
- Attorney files case on behalf of Investors
- You get updates and receive payout in case of success
Would it cost me anything?
- No, you do not pay anything out of your pocket neither to us, nor to Attorney
- Attorneys get % fee in case of success
- Platform charges service fee from Attorneys
What are the chances for success?
Every Case is unique, but statistically, 47% of Cases end up with a settlement.
Please see below recent successful cases:
Any Investor who held call options on $AMC, $GME, $AAL, $BBBY, $BB, or $NOK at the close of 27-Jan-2021, and who sold these Options in the loss or whose Options expired between 28-Jan-2021 and 19-Feb-2021, may Join this Case.
Investors have reasons to suspect that:
- Throughout 2020 and in January 2021, Robinhood whipped up a frenzy of trading and then shut it down, unevenly reopening the demand spigot over the course of a week, directly affecting the markets’ bid-offer pricing mechanism for some Stocks and Options.
- Robinhood’s singular actions distorted the prices of some Stocks and relevant Options for several weeks in January and February 2021 which led to consecutive investment losses for investors.
- With an IPO already being planned, Robinhood manipulated the share prices of several Stocks and Options, which were contributing to the rapid increases in the prices of several Stocks and Options, to avoid liquidation due to an inability to pay its core charges and excess net capital charges to the NSCC.
- On January 29, 2021, when all other brokers lifted stock purchase restrictions and Robinhood started to do the same, the prices of several Stocks and Options rebounded so strongly that Robinhood – which had only raised capital of $1 billion on January 28, 2021 – realized that it would be unable to meet an excess capital premium charge and for this reason, at several points throughout the trading day – the only retail broker still restricting stock and option purchases – not only tightened the purchase restrictions but increased the number of issuers to which restrictions applied from 13 to 23 to 50.
Given Robinhood's dominant market share, actions of this nature could have a significant effect on the quotes of several instruments, which could lead to significant losses for market participants.
Alleged Offence
Price manipulation,
Malpractice,
Negligence,
Breach of Fiduciary duty
Suspected Party
Directors,
Management,
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
19 February 2021
Case number
23-CV-02622
Filing date
06 April 2023
Class period Start
28 January 2021
Class period End
19 February 2021
Lead Plaintiff Deadline
06 June 2023
Court
Central District of California