Robinhood Sued In Miami Over GameStop


Personal injury attorneys The Ferraro Law Firm, P.A. along with attorneys Jeffrey Kwatinetz and Sean Burstyn, alleges Wall Street trading app Robinhood acted in bad faith, violated securities law statutes, and “manipulated” its users by preventing them from buying shares in GameStop.

The suit also names hedge funds Citadel, which is owned by Miami resident Ken Griffin and the Connecticut-based Point72, and it accuses them of engaging in a conspiracy with Robinhood to protect a third hedge fund, Melvin Capital, which bet against GameStop.

The suit, seeks unspecified damages and a jury trial on behalf of multiple plaintiffs, but Robinhood and Citadel did not comment.

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