NEW YORK–(BUSINESS WIRE)–Rosen Legislation Agency, a world investor rights regulation agency, publicizes it has filed a category motion lawsuit on behalf of those that offered American Airways Group Inc. (NASDAQ: AAL), AMC Leisure Holdings Inc. (NYSE: AMC), BlackBerry Restricted (NYSE: BB), Mattress Tub & Past Inc. (NASDAQ: BBBY), or GameStop Corp. (NYSE: GME) through the Robinhood buying and selling platform on or after January 28, 2021 because of Robinhood’s restrictions. The lawsuit seeks to get well damages for these affected by Robinhood’s alleged market manipulation below the federal securities legal guidelines.
To affix the Robinhood class motion, go http://www.rosenlegal.com/cases-register-2029.html or name Phillip Kim, Esq. toll-free at 866-767-3653 or e mail pkim@rosenlegal.com or cases@rosenlegal.com for info on the category motion.
Based on the lawsuit, Robinhood engaged in unlawful market manipulation by limiting buying and selling of AAL, AMC, BB, BBBY, and GME (the “Affected Securities”) to closing positions solely, and elevating every safety’s respective margin necessities, for functions of miserable the worth of the Affected Securities. On account of this injection of concern into the market and synthetic restriction of demand, the value of the Affected Securities dropped precipitously, inflicting important damages to retail traders. These restrictions bestowed important advantages to those that had brief positions on the Affected Securities, together with hedge funds.
A category motion lawsuit has already been filed. Should you want to function lead plaintiff, you will need to transfer the Courtroom no later than April 5, 2021. A lead plaintiff is a consultant social gathering appearing on behalf of different class members in directing the litigation. Should you want to be part of the litigation, go to http://www.rosenlegal.com/cases-register-2029.html or to debate your rights or pursuits relating to this class motion, please contact Phillip Kim, Esq. of Rosen Legislation Agency toll free at 866-767-3653 or through e-mail at pkim@rosenlegal.com or cases@rosenlegal.com.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN 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.
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Rosen Legislation Agency represents traders all through the globe, concentrating its follow in securities class actions and shareholder spinoff litigation. Rosen Legislation Agency was Ranked No. 1 by ISS Securities Class Motion Providers for variety of securities class motion settlements in 2017. The agency has been ranked within the prime 3 every year since 2013. Rosen Legislation Agency has achieved the biggest ever securities class motion settlement towards a Chinese language Firm. Rosen Legislation Agency’s attorneys are ranked and acknowledged by quite a few impartial and revered sources. Rosen Legislation Agency has secured a whole bunch of hundreds of thousands of {dollars} for traders. Legal professional Promoting. Prior outcomes don’t assure an analogous consequence.
