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Joint Notice of Settlement — In re January 2021 Short Squeeze Trading Litigation (Document 678)

Summary

A Joint Notice of Settlement in In re: January 2021 Short Squeeze Trading Litigation, Case No. 21-MDL-02989-ALTONAGA (Case 1:21-md-02989-CMA, Document 678), dated and entered on the FLSD docket May 28, 2024, relating to the Federal Securities Tranche. Robinhood Markets, Inc., Robinhood Financial LLC and Robinhood Securities, LLC and the Named Plaintiffs, led by Blue Laine-Beveridge, give notice that the Parties have reached a settlement of the Named Plaintiffs' claims within the Federal Securities Tranche, expect to finalize it and stipulate to dismissal with prejudice within the next 14 days, and ask the Court to stay all proceedings in the tranche. The three-page notice is signed /s/ Laurence M. Rosen of The Rosen Law Firm, P.A. and /s/ Samuel A. Danon of Hunton Andrews Kurth LLP, with a certificate of CM/ECF service dated May 28, 2024.

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Date
2024-05-28

Cite this document

“Joint Notice of Settlement — In re January 2021 Short Squeeze Trading Litigation (Document 678).” Original at archive.org, dated 2024-05-28. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2024-05-28-covid-era-misc/, SHA-256 7427911ebb1f4f892e54de5831368309a05c476d1af7592a3197005361f9c390.

Full text

Case 1:21-md-02989-CMA Document 678 Entered on FLSD Docket 05/28/2024 Page 1 of 3




                                 UNITED STATES DISTRICT COURT
                                 SOUTHERN DISTRICT OF FLORIDA

                                CASE NO. 21-MDL-02989-ALTONAGA

   In re:

   JANUARY 2021 SHORT SQUEEZE
   TRADING LITIGATION
   _________________________________/

   This Document Relates to the Federal Securities Tranche

                                  JOINT NOTICE OF SETTLEMENT

            Defendants Robinhood Markets, Inc., Robinhood Financial LLC, and Robinhood

   Securities, LLC (collectively, “Robinhood”) and Plaintiffs Blue Laine-Beveridge, Abraham

   Huacuja, Ava Bernard, Brendan Clarke, Brian Harbison, Cecilia Rivas, Doi Nguyen, Joseph

   Gurney, Marcel Poirier, Sandy Ng, Santiago Gil Bohórquez, and Thomas Cash (collectively,

   “Named Plaintiffs” and with Robinhood, the “Parties”) respectfully provide notice to the Court

   that the Parties have reached a settlement of Named Plaintiffs’ claims within the Federal Securities

   Tranche. The Parties are in the process of finalizing the settlement, after which the Parties will

   stipulate to dismissal with prejudice. The Parties anticipate that settlement and dismissal will be

   finalized within the next 14 days.

            In light of their settlement, the Parties respectfully request the Court to stay all proceedings

   in the Federal Securities Tranche.




                                                       1
Case 1:21-md-02989-CMA Document 678 Entered on FLSD Docket 05/28/2024 Page 2 of 3




   Dated: May 28, 2024                           Respectfully submitted,

    /s/ Laurence M. Rosen                        /s/ Samuel A. Danon
    THE ROSEN LAW FIRM, P.A.                     HUNTON ANDREWS KURTH LLP
    Laurence M. Rosen (FBN 0182877)              Samuel A. Danon (FBN 892671)
    Robin Bronzaft Howald                        María Castellanos Alvarado (FBN 116545)
    Michael A. Cohen                             Tom K. Schulte (FBN 1025692)
                                                 333 S.E. 2nd Avenue, Suite 2400
    Laurence M. Rosen                            Miami, Florida 33131
    275 Madison Avenue 40th Floor                Tel.: (305) 810-2500
    New York, New York 10016                     Fax: (305) 810-2460
    Tel: (212) 686-1060                          sdanon@huntonak.com
    Fax: (212) 202-3827                          mcastellanos@hunton.com
    Email: lrosen@rosenlegal.com                 tschulte@huntonak.com

    Counsel for Lead Plaintiff Blue Laine-       CRAVATH, SWAINE & MOORE LLP
    Beveridge and Named Plaintiffs               Antony L. Ryan (pro hac vice)
    Abraham Huacuja, Ava Bernard,                Kevin J. Orsini (pro hac vice)
    Brendan Clarke, Brian Harbison,              Brittany L. Sukiennik (pro hac vice)
    Cecilia Rivas, Doi Nguyen, Joseph            Two Manhattan West
    Gurney, Marcel Poirier, Sandy Ng,            375 Ninth Avenue
    Santiago Gil Bohórquez, and Thomas           New York, NY 10001
    Cash                                         Telephone: (212) 474-1000
                                                 Facsimile: (212) 474-3700
                                                 aryan@cravath.com
                                                 korsini@cravath.com
                                                 bsukiennik@cravath.com

                                                 Counsel for Robinhood Financial LLC,
                                                 Robinhood Securities, LLC, and Robinhood
                                                 Markets, Inc.




                                             2
Case 1:21-md-02989-CMA Document 678 Entered on FLSD Docket 05/28/2024 Page 3 of 3




                                    CERTIFICATE OF SERVICE

          I certify that on May 28, 2024, I electronically filed a true and correct copy of the foregoing

   via CM/ECF, which will send notice to all counsel of record.

                                                         /s/ Samuel A. Danon




                                                    3

File and source

File
gov.uscourts.flsd.590042.678.0.pdf
Size
140,921 bytes
SHA-256
7427911ebb1f4f892e54de5831368309a05c476d1af7592a3197005361f9c390
Our copy
gov.uscourts.flsd.590042.678.0.pdf
Original
archive.org
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