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Status Report [ECF No. 704]. At a September 18, 2024 Status Conference [ECF No. 699]

Summary

An Order in In re: January 2021 Short Squeeze Trading Litigation, Case No. 21-02989-MDL-ALTONAGA (Case 1:21-md-02989-CMA, Document 706), entered on the FLSD docket October 9, 2024, for the Actions in the Federal Securities Tranche. The order addresses Robinhood's Status Report [ECF No. 704], reporting that the pre-filing conferral requested at the Status Conference [ECF No. 699] is ongoing and has led to settlement negotiations, and that Robinhood still plans to move to compel arbitration of nine of the remaining securities claims, excluding the claims of Marcus Lagmanson, Anthony Reyes and Brian Belderrain. Robinhood has until December 9, 2024 to file the motion to compel arbitration; done and ordered in Miami, Florida, on the 9th day of October, 2024, the order carries the name and title of Chief United States District Judge Cecilia M. Altonaga.

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Date
2024-10-09

Cite this document

“Status Report [ECF No. 704]. At a September 18, 2024 Status Conference [ECF No. 699].” Original at archive.org, dated 2024-10-09. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2024-10-09-covid-era-misc/, SHA-256 e239c8593d608e49e9d53cf81ce77ba2967b75526b3c0b45d30f10d31aa4e31f.

Full text

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF FLORIDA

CASE NO. 21-02989-MDL-ALTONAGA

In re:

JANUARY 2021 SHORT SQUEEZE
TRADING LITIGATION
_________________________________/

This Document Relates to the Actions in the Federal Securities Tranche
ORDER

THIS CAUSE came before the Court on Defendants, Robinhood Markets, Inc.,
Robinhood Securities, LLC, and Robinhood Financial LLC’s (“Robinhood[’s]”) October 9, 2024
Status Report [ECF No. 704].  At a September 18, 2024 Status Conference [ECF No. 699],
Robinhood requested three weeks to engage in the pre-filing conferral process regarding a potential
motion to compel arbitration.  (See Status Report ¶ 4).  Robinhood reports it still plans to move to
compel arbitration of nine of the remaining securities claims.1  (See id. ¶ 3).  Robinhood states the
conferral process is ongoing and has led to settlement negotiations; it requests the Court establish
a deadline of December 9, 2024, for it to file its motion to compel arbitration.  (See id. ¶¶ 6–7).
Being fully advised, it is
ORDERED that Robinhood has until December 9, 2024 to file its motion to compel
arbitration.

1 This excludes the claims asserted by Plaintiffs, Marcus Lagmanson, Anthony Reyes, and Brian Belderrain.
(See Status Report ¶¶ 2–3).
Case 1:21-md-02989-CMA   Document 706   Entered on FLSD Docket 10/09/2024   Page 1 of 2

CASE NO. 21-02989-MDL-ALTONAGA
2

DONE AND ORDERED in Miami, Florida, this 9th day of October, 2024.

________________________________________

CECILIA M. ALTONAGA

CHIEF UNITED STATES DISTRICT JUDGE

cc:
counsel of record
Case 1:21-md-02989-CMA   Document 706   Entered on FLSD Docket 10/09/2024   Page 2 of 2

File and source

File
gov.uscourts.flsd.590042.706.0.pdf
Size
155,963 bytes
SHA-256
e239c8593d608e49e9d53cf81ce77ba2967b75526b3c0b45d30f10d31aa4e31f
Our copy
gov.uscourts.flsd.590042.706.0.pdf
Original
archive.org
  1. 2024.10.08 Best et al. Stipulation of Voluntary Dismissal with Prejudicesame docket · 2024-10-17
  2. Damon Muncy v. Robinhood Financial LLC , et al., (2024-10-08)same docket · 2024-10-08
  3. sole purpose of enforcing the agreement entered by Plaintiffs with Defendants to dismiss Plaintiffs’same docket · 2024-10-17
  4. [Proposed] Order (Joint Stipulation of Voluntary Dismissal with Prejudice; ECF No. 707) (Dkt. 707-1)same docket · 2024-10-17
  5. Carrasco v. Robinhood Financial, LLC , No. 21- cv- (2024-12-02)same docket · 2024-12-02
  6. Declaration of Andrew J. Obergfell in Support of Motion to Withdraw by Sarah N. Westcot, Andrew J. Obergfell, and… (Dkt. 717-1)same docket · 2024-12-03
  7. Order Setting Trial and Pre-Trial Schedule, Requiring Mediation, and Referring Certain Matters to Magistrate Judge (Dkt. 517)same docket · 2024-08-12
  8. Motion to Withdraw by Sarah N. Westcot, Andrew J. Obergfell, and Bursor & Fisher, P.A. as Counsel for Plaintiff Aaron… (Dkt. 717)same docket · 2024-12-03
  9. Declaration of Stephen A. Beck in Support of Motion to Withdraw by Sarah N. Westcot, Andrew J. Obergfell, and Bursor &… (Dkt. 717-2)same docket · 2024-12-06
  10. Plaintiffs' Reply Memorandum of Law in Support of the Motion for Reconsideration of the Court's Order Denying… (Dkt. 676)same docket · 2024-05-23
  11. Order (Dkt. 732, dated 2024-12-09)same docket · 2024-12-09
  12. Declaration in Support of Motion to Compel Arbitrationsame docket · 2024-12-09
  13. Declaration of Laurence M. Rosesame docket · 2024-03-15
  14. Motion to Compel Arbitration and for Stay Pending Arbitrationsame docket · 2024-12-09
  15. Exhibit A: Class Action Plaintiffs' Fourth Set of Requests for Production of Documents to Defendants Robinhood… (Dkt. 652-1)same docket · 2024-03-06
  16. Robinhood Financial LLC, and Robinhood Securities, LLC ’s (“Robinhood[’s]”) Motion tosame docket · 2024-12-13
  17. Proposed Order Granting Motion to Withdraw as Counsel (Elizabeth Robben Murray and Kevin A. Crass) (Dkt. 615-1)same docket · 2025-01-09
  18. Defendants Robinhood Markets, Inc., Robinhood Financial LLC and Robinhood Securities, LLC's Sur-Reply to Plaintiffs'… (Dkt. 638-1)same docket · 2024-01-16
  19. his cause comes before the Court on Defendant Robinhood’s Motion to Establish Briefingsame docket · 2025-01-13
  20. Plaintiff Robert Days Opposition to Defendants Robinhood Markets, Inc.'s, Robinhood Financial LLC's, and Robinhood… (Dkt. 719)same docket · 2025-01-13

Part of: In re: January 2021 Short Squeeze Trading Litigation · Paycheck Protection Program (PPP) · Reports and audits · Federal court dockets (PACER) · 2024 · Source documents

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