Wall Street

Robinhood Faces a Big Court Case

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The Street

By Ellen Chang A judge said Robinhood, the brokerage at the heart of the meme stock craze, must face claims that it manipulated the market. Robinhood (HOOD) – Get Robinhood Markets Inc. Report, the beleaguered brokerage that has been slashing jobs as its business shifts is facing a new problem. The company lost in its efforts to face a court challenge over its behavior during the so-called meme-stock craze in early 2021. U.S. District Court Judge Cecilia Altonaga in Miami said on Aug. 11 that investors who owned shares of AMC Entertainment and GameStop (GME) – Get GameStop Corporation Report, …

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