Online brokerage Robinhood removed GameStop and other companies from its trading platform in the midst of an "unprecedented stock rise," depriving individual investors of the ability to invest and manipulating the market. (Photo: Bloomberg)
(Bloomberg) — Frustrated investors who sued after getting locked out of trading in frenzied shares like GameStop Corp. aren't likely to have much luck in court either.
Online brokerage Robinhood Markets was named as a defendant Thursday, Jan. 28, in several federal suits demanding it reinstate trading of shares, including GameStop, BlackBerry Ltd., Nokia Oyj and AMC Entertainment Holdings Inc. Just hours earlier, Robinhood, Interactive Brokers and others took steps to curtail activity in the high-flying stocks after several dizzying days of trading on their platforms whipped up volatility.
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