The judge is presiding over sprawling litigation that includes antitrust and fraud claims against Robinhood. The online brokerage won a ruling in May dismissing antitrust claims, while negligence and fiduciary duty claims were tossed in January, according to Bloomberg Intelligence analyst Elliott Stein.
Robinhood appears poised to defeat investor suits, Stein wrote in a note last month. “Customers’ most-recent bolstered complaints were still deficient in many ways, we believe, and appeals are unlikely to succeed,” he said.
The ruling was reported earlier by Reuters.
The case is In re: January 2021 Short Squeeze Trading Litigation, 21-2989, US District Court, Southern District of Florida (Miami).
This article was provided by Bloomberg News.