Retail trading platform Robinhood pushes to dismiss class-action lawsuit
Join Our Telegram channel to stay up to date on breaking news coverage Robinhood, one of the most used retail trading platform s in the stock and exchange markets, is pushing to dismiss a class-action lawsuit against the company. The lawsuit claims that the exchange failed to disclose information ahead of its initial public offering (IPO) in 2021. The information in question relates to the exchange offering crypto trading activities. Robinhood wants to dismiss class-action lawsuit The lawyers representing the Robinhood exchange have filed a motion to dismiss the class-action lawsuit. The motion filed by the US publicly traded company follows a court ruling in February that said there was no proof showing that Robinhood shared false or misleading IPO information with its customers in 2021. The plaintiffs in the case were provided with an opportunity to file an amended complaint. The case was filed in a federal court in San Francisco, and it was submitted before the US Di...