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HomeLife InsuranceRobinhood Should Face Market Manipulation Claims Over Meme Buying and selling

Robinhood Should Face Market Manipulation Claims Over Meme Buying and selling


Robinhood Markets Inc. should face market manipulation claims arising from the January 2021 meme-stock frenzy, a decide dominated.

A Miami federal decide dismissed some allegations in opposition to the platform, however is permitting others in a proposed investor class-action lawsuit to maneuver ahead.

U.S. District Decide Cecilia Altonaga stated in her ruling Thursday that the case raises “fascinating authorized questions, convoluted by the novelty of Robinhood’s platform, however on the finish of the day, plaintiffs’ market manipulation claims clear the particularized threshold.”

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