A group of traders and Robinhood have reached a settlement regarding the Federal Securities Tranche of the January 2021 short squeeze lawsuit.
On May 28, 2024, Robinhood Markets, Inc., Robinhood Financial LLC, and Robinhood Securities, LLC and Plaintiffs Blue Laine-Beveridge, Abraham Huacuja, Ava Bernard, Brendan Clarke, Brian Harbison, Cecilia Rivas, Doi Nguyen, Joseph Gurney, Marcel Poirier, Sandy Ng, Santiago Gil Bohórquez, and Thomas Cash provided notice to the Court that the Parties have reached a settlement of Named Plaintiffs’ claims within the Federal Securities Tranche.
The Parties are in the process of finalizing the settlement, after which the Parties will stipulate to dismissal with prejudice. The Parties anticipate that settlement…
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