{"id":18449,"date":"2026-08-03T09:43:40","date_gmt":"2026-08-03T09:43:40","guid":{"rendered":"https:\/\/bitcoinwisdom.com\/?p=18449"},"modified":"2026-08-03T09:43:40","modified_gmt":"2026-08-03T09:43:40","slug":"robinhood-is-probably-facing-a-lawsuit-from-meme-stock-investors","status":"publish","type":"post","link":"https:\/\/bitcoinwisdom.com\/tr\/robinhood-is-probably-facing-a-lawsuit-from-meme-stock-investors\/","title":{"rendered":"Robinhood Muhtemelen Meme Hisse Senedi Yat\u0131r\u0131mc\u0131lar\u0131ndan Bir Davayla Kar\u015f\u0131 Kar\u015f\u0131ya"},"content":{"rendered":"\n<ul class=\"wp-block-list\"><li><strong>A US court judge has greenlit investors in meme stocks like GameStop and AMC to file a lawsuit against Robinhood for allegedly manipulating the market.<\/strong><\/li><li><strong>District Court Judge Cecilia said that the crypto and stock trading platform must face the investors for banning them from investing in these stocks in 2021&#8217;s meme stock rally. <\/strong><\/li><\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\n\n\n\n<p>The United States District Court Judge Cecilia Altonaga in Miami recently said that Menlo Park-based financial services company Robinhood Markets Inc must face market manipulation claims over its 2021\u2019s trading restrictions on &#8220;meme stock&#8221; rally.<\/p>\n\n\n\n<p>The retail trading platform is the target of a number of lawsuits after temporarily banning clients from trading certain hot stocks in January last year, including GameStop and AMC.<\/p>\n\n\n\n<p>On Thursday, the U.S. Judge <a href=\"https:\/\/www.reuters.com\/markets\/us\/robinhood-must-face-us-market-manipulation-claims-over-meme-stock-rally-judge-2022-08-11\/\" class=\"ek-link\" rel=\"nofollow noopener\" target=\"_blank\">ruled<\/a> that investors in GameStop Corp, AMC Entertainment Holdings Inc, and seven other stocks may move forward with a potential class-action lawsuit alleging that the restrictions unduly lowered share prices.<\/p>\n\n\n\n<p>Due to a social media-driven rise that lifted the shares of these nine companies to record highs, trading in the affected securities was subsequently restricted by <a class=\"wpil_keyword_link\" title=\"Robinhood\" data-wpil-keyword-link=\"linked\" href=\"https:\/\/bitcoinwisdom.com\/robinhood-review\/\">Robinhood<\/a> and others. The act shattered market trust and frustrated retail investors and led to heavy volatility and serious losses for hedge funds that had bet against the meme stocks.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Robinhood revoked customers<\/h2>\n\n\n\n<p>The trading platform revoked its customers\u2019 ability to buy certain stocks when its clearinghouse demand for cash soared to $3 billion-an obligation mandated by the National Securities Clearing Corporation. Robinhood didn\u2019t stop there and temporarily restricted the number of shares customers could purchase in some hot stocks.<\/p>\n\n\n\n<p>Thursday\u2019s ruling also denied the exchange\u2019s motion to dismiss several allegations that it had manipulated the market by canceling purchase orders, liquidating its customers&#8217; shares, and closing out options in order to artificially lower the values of the nine stocks.<\/p>\n\n\n\n<p>According to the ruling, although a claim of market manipulation would not be supported by the restrictions alone, Robinhood\u2019s &#8220;opaque and conflicting statements made to hide its lack of capital&#8221; display an intent &#8220;to artificially depress share prices for its personal benefit.&#8221; Moreover, the judge feels that the company must also face the investors\u2019 allegations that the manipulation violated a federal statute prohibiting securities fraud. However, she dismissed a claim that the company induced investors to sell their shares.<\/p>\n\n\n\n<p>Judge Altonaga previously dismissed allegations that the firm and other brokerages illegally engaged in a &#8220;short squeeze&#8221; that cost hedge funds betting on dropping stock prices billions of dollars in losses. The judge also rejected arguments made by retail investors that Robinhood had been negligent and had violated its commitment to customers. She is in charge of a number of lawsuits alleging Robinhood and others broke the law by their actions during the social media-driven rally.<\/p>\n\n\n\n<p>Cheryl Crumpton, the associate general counsel of litigation and regulatory enforcement at Robinhood, said that the trading platform maintains its adherence to its actions, which it sees as &#8220;appropriate and necessary to support [its] customers.&#8221;<\/p>\n\n\n\n<p>The platform also recently <a href=\"https:\/\/bitcoinwisdom.com\/robinhood-lays-off-23-staff-over-780-people-might-be-affected\/\" class=\"ek-link\">laid off its staff owing<\/a> to losses in 2022 and it seems that the firm is going through a very tough time. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A US court judge has greenlit investors in meme stocks like GameStop and AMC to file a lawsuit against Robinhood for allegedly manipulating the market. District Court Judge Cecilia said that the crypto and stock trading platform must face the investors for banning them from investing in these stocks in 2021&#8217;s meme stock rally. The [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":18455,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_editorskit_title_hidden":false,"_editorskit_reading_time":2,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","_uag_custom_page_level_css":"","footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[12],"tags":[],"class_list":["post-18449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"uagb_featured_image_src":{"full":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2022\/08\/lawsuit.jpg",1200,675,false],"thumbnail":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2022\/08\/lawsuit-500x330.jpg",500,330,true],"medium":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2022\/08\/lawsuit-300x169.jpg",300,169,true],"medium_large":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2022\/08\/lawsuit-768x432.jpg",640,360,true],"large":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2022\/08\/lawsuit-1024x576.jpg",640,360,true],"1536x1536":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2022\/08\/lawsuit.jpg",1200,675,false],"2048x2048":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2022\/08\/lawsuit.jpg",1200,675,false],"trp-custom-language-flag":["https:\/\/bitcoinwisdom.com\/wp-content\/uploads\/2022\/08\/lawsuit-18x10.jpg",18,10,true]},"uagb_author_info":{"display_name":"Parth Dubey","author_link":"https:\/\/bitcoinwisdom.com\/tr\/author\/parth\/"},"uagb_comment_info":0,"uagb_excerpt":"A US court judge has greenlit investors in meme stocks like GameStop and AMC to file a lawsuit against Robinhood for allegedly manipulating the market. District Court Judge Cecilia said that the crypto and stock trading platform must face the investors for banning them from investing in these stocks in 2021&#8217;s meme stock rally. The&hellip;","_links":{"self":[{"href":"https:\/\/bitcoinwisdom.com\/tr\/wp-json\/wp\/v2\/posts\/18449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinwisdom.com\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinwisdom.com\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/tr\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/tr\/wp-json\/wp\/v2\/comments?post=18449"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinwisdom.com\/tr\/wp-json\/wp\/v2\/posts\/18449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/tr\/wp-json\/wp\/v2\/media\/18455"}],"wp:attachment":[{"href":"https:\/\/bitcoinwisdom.com\/tr\/wp-json\/wp\/v2\/media?parent=18449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/tr\/wp-json\/wp\/v2\/categories?post=18449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinwisdom.com\/tr\/wp-json\/wp\/v2\/tags?post=18449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}