UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF FLORIDA
CASE NO. 21-2989-MDL-ALTONAGA/Torres
In re:
JANUARY 2021 SHORT SQUEEZE
TRADING LITIGATION
_________________________________/
This Document Relates to the Non-Federal Securities Actions
ORDER
THIS CAUSE came before the Court at a September 23, 2021 Status Conference [ECF
No. 417]. For the reasons stated in open court, it is
ORDERED AND ADJUDGED as follows:
1.
Defendant Apex Clearing Corporation’s Rule 12 Motion to Dismiss Plaintiffs’
Consolidated Robinhood and Other Broker Tranche Class Action Complaint [ECF
No. 405] and Defendants Robinhood Markets, Inc., Robinhood Financial LLC and
Robinhood Securities, LLC’s Motion to Dismiss the Robinhood Tranche
Complaint [ECF No. 406] are DENIED as moot.
2.
With respect to the Robinhood and Other Broker Tranches, the parties shall adhere
to the following amended briefing schedule:
a. Defendants in each Tranche shall file a joint motion to dismiss on or
before October 15, 2021; the two motions shall be no more than 50
pages each.
b. Plaintiffs’ responses in opposition to Defendants’ joint motions to
dismiss shall be filed by November 5, 2021 and shall be no more
than 50 pages each.
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CASE NO. 21-2989-MDL-ALTONAGA/Torres
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c. Defendants’ replies to Plaintiffs’ responses shall be filed by
November 19, 2021 and shall be no more than 30 pages each.
3.
With respect to the Antitrust Tranche, Defendants’ reply remains due on October
5, 2021.
4.
These deadlines do not apply to the federal securities actions. The Court will issue
a separate scheduling order to govern the master complaint and briefing schedule
for the federal securities actions following appointment of Lead Plaintiff(s) and
Lead Counsel in accordance with the Private Securities Litigation Reform Act of
1995, 15 U.S.C. § 78u-4(a)(3)(B).
DONE AND ORDERED in Miami, Florida, this 23rd day of September, 2021.
________________________________________
CECILIA M. ALTONAGA
CHIEF UNITED STATES DISTRICT JUDGE
cc:
counsel of record;
Pro Se Plaintiffs
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