Robinhood nears finalizing a settlement with investors over 2021 meme stocks trading halt.
Robinhood is on the brink of finalising a settlement with investors who sued the trading platform for halting meme stocks trading, including GameStop, in early 2021. The platform's legal team informed a Miami federal court on May 28 that the settlement process is nearly complete, with expectations for a resolution and dismissal within the next two weeks. The specifics of the settlement were not disclosed.
May 30, 2024
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