Stock trading platform Robinhood Markets Inc. must face market manipulation claims over restrictions it placed on trading during last year’s “meme stock” rally, a U.S. judge ruled on Thursday.
U.S. District Court Judge Cecilia Altonaga in Miami said in the ruling that investors in GameStop Corp., AMC Entertainment Holdings Inc. and seven other stocks can proceed with a proposed class action lawsuit alleging the restrictions artificially depressed share prices.
