by Corrado Rizzi on Consumer Fraud
A proposed class action alleges Robinhood Financial LLC is “yet another Wall Street Wolf disguised in sheep’s clothing” and has conspired with hedge funds Citadel Securities and Point72 Asset Management.
Robinhood Financial has been hit with a proposed class action lawsuit in the wake of the company’s intentional removal of GameStop (GME) stock from its popular trading app in the midst of an unprecedented rally driven by social media users.
Consumers and shareholders Tuesday fired the opening salvos in what is sure to be a complex, prolonged legal battle over Facebook’s true intentions when it comes to safeguarding its users’ privacy.
![‘No Legitimate Reason’: Robinhood Hit with Class Action Over Halt on GameStop (GME) Stock Trading [UPDATE]](/media/thumbnail-robinhood_2.jpg)