February 1, 2021
What was all that about GameStop trades? This antitrust class action centers on that story, bringing suit on behalf of small retail investors against a long list of defendants—brokerages, funds, and clearinghouses—with familiar names, such as Morgan Stanley Smith Barney, E*Trade, Robinhood, TD Ameritrade, and Charles Schwab. The complaint alleges that individual investors “were stripped of the rights to control their investments due to a large, overarching conspiracy to prevent the market from operating freely and to stop Defendants from hemorrhaging losses as a result of their highly speculative short selling strategies.”
Case Event File: GameStop Short Sellers Conspiracy to Stop Retail Buyers Antitrust ComplaintRelated to: GameStop Short Sellers Conspiracy to Stop Retail Buyers Antitrust Class Action