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