The Washington Post
Business Context

Lawsuit seeking class-action status against Robinhood

Updated Jan 28, 2021 at 4:33 PM EST

Massachusetts resident and Robinhood user Brendon Nelson filed a lawsuit saying he plans to seek class-action status against Robinhood, accusing the brokerage firm of blocking users’ access to GameStop on Thursday in the U.S. District Court, Southern District of New York. The complaint alleges that Robinhood intentionally restricted trading to deprive investors of gains and manipulate the market.

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The complaint alleges that Robinhood intentionally restricted trading to deprive investors of gains and manipulate the market.