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Traders slam Robinhood for its “intrusive fishing expedition” in short squeeze lawsuit

Stock traders affected by the January 2021 short squeeze have slammed Robinhood for its information requests as the multi-district litigation targeting the company continues at the Florida Southern District Court.

Last week, Robinhood Markets, Inc., Robinhood Financial LLC and Robinhood Securities, LLC submitted Discovery Memorandum regarding Robinhood’s Set of Requests for Production directed to Plaintiffs in the federal securities tranche of the multi-district litigation. The parties have reached an impasse on three requests.

  • The first request seeks “all Documents, Communications…
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