Chief U.S. District Judge Cecilia Altonaga based her ruling on the user agreement traders accepted when registering their accounts. That agreement includes a clause that states Robinhood “may at any time, in its sole discretion and without prior notice to me, prohibit or restrict my ability to trade securities.”
Estimated reading time: 0 minutes, 28 seconds
Retail Traders’ Lawsuit Against Robinhood for GME, AMC Halt Thrown Out
A federal judge tossed a lawsuit brought against stock trading app Robinhood alleging it cost traders “billions” in losses when the app prohibited the selling of certain “meme stocks.” So reports The New York Post.
Latest from Progressive Law Practice
- California Drivers No Longer Need To Answer Cop’s Question
- Iowa Ban On LGBTQ+ Books Largely Blocked Ahead Of Enactment
- Michael Cohen's Legal Defense Included Non-existent Cases Invented By Google Bard: Report
- Hershey Sued For False Advertising Over 'Cute' Holiday Candy
- Terms Of Bombshell Google Privacy Settlement Undisclosed
Most Read
-
-
Apr 07 2013
-
Written by PLP News
In a sensational case that has reportedly “grabbed the attention…
-
-
-
Mar 31 2013
-
Written by PLP News
A DLA Piper associate’s e-mail stating “that bill shall know…
-
-
-
Jan 26 2014
-
Written by PLP News
A 55-year-old attorney at White & Case, who recently filed…
-
-
-
Jun 15 2014
-
Written by Tami Kamin Meyer
More than 1.2 million applications, or “apps,” are available at…
-