NYSE, NASDAQ: AMC, BBBY, BB, EXPR, GME, KOSS, NOK, TR, TRVG

Robinhood

Rosen Law Firm announces that the U.S. District Court has ruled that the market manipulation class action may proceed against Robinhood.

Investors who sold their shares following Meme Stock Crash on January 28, 2021, are included in class action.

Investors who held common stock in AMC Entertainment Holdings, Inc. (NYSE: AMC), Bed Bath & Beyond Inc. (NASDAQ: BBBY), BlackBerry Ltd. (NYSE BB), Express Inc. (NYSE: EXPR), GameStop Corp. (NYSE: GME), Koss Corp. (NASDAQ: KOSS), Tootsie Roll Industries Inc. (NYSE: TR), or American Depositary Shares of foreign-issuers Nokia Corp. (NYSE: NOK) and Trivago N.V. (NASDAQ: TRVG) (collectively “the Affected Stocks”) as of the close of trading on January 27, 2021, and sold such shares at a loss between January 28, 2021, and February 4, 2021 are class members in this lawsuit and have the potential to recover their losses.

If you sold any of the Affected Stocks during the class period and would like to join the action, please click “Join This Class Action”.

Class Period:January 28, 2021 through February 4, 2021
If you held any of the Affected Stocks as of the close of trading on January 27, 2021 and sold such shares at a loss between January 28, 2021 and February 4, 2021 you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

On August 10, 2022, the United States District Court for the Southern District of Florida denied, in part, the motion to dismiss filed in the Federal Securities Tranche of the multidistrict litigation, In re January 2021 Short Squeeze Trading Litigation, 1:21-md-02989 (S.D. Fl.).

On November 30, 2021, The Rosen Law Firm, P.A. filed a consolidated class action complaint against Robinhood Markets, Inc., Robinhood Financial, LLC and Robinhood Securities, LLC (collectively, “Robinhood”) on behalf of investors who held common stock in AMC Entertainment Holdings, Inc. (NYSE: AMC), Bed Bath & Beyond Inc. (NASDAQ: BBBY), BlackBerry Ltd. (NYSE BB), Express Inc. (NYSE: EXPR), GameStop Corp. (NYSE: GME), Koss Corp. (NASDAQ: KOSS), Tootsie Roll Industries Inc. (NYSE: TR), or American Depositary Shares of foreign-issuers Nokia Corp. (NYSE: NOK) and Trivago N.V. (NASDAQ: TRVG) (collectively “the Affected Stocks”) as of the close of trading on January 27, 2021, and sold such shares at a loss between January 28, 2021, and February 4, 2021 (the “Class”).

In its order upholding investors’ market manipulation claims, the Court held that investors adequately alleged that Robinhood manipulated the market for the Affected Stocks and artificially depressing their share prices by restricting trading in the stocks, cancelling purchase orders, closing out call options early, and selling shares to meet margin requirements. The lawsuit asserts that because of Robinhood’s market manipulation, the share prices of the Affected Stocks dropped significantly, and many investors sold their shares at depressed prices.

If you sold any of the Affected Stocks (AMC; BBBY; BB; EXPR; GME; KOSS; TR; NOK; or TRVG) between January 28, 2021, and February 4, 2021, and have questions concerning your legal rights or your ability to participate in in the Class action please contact Michael Cohen, Esq. toll-free at 866-767-3653 or email mcohen@rosenlegal.com.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: GameStop Corp.
Stock Symbol: GME
Class Period: January 28, 2021 through February 4, 2021
Court: United States District Court for the Southern District of Florida

Why Rosen Law

The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

Institutional Shareholders Services ranked the Rosen Law Firm # 1 for the number of securities class action recoveries in 2017.

The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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