Exhibit 1 - PSLRA Notice (Dkt. 26.2)
Summary
Exhibit 1 to Document 26 in Case 1:21-md-02989-CMA (Document 26-2), entered on the FLSD docket 04/05/2021, reproduces a Business Wire release dated February 02, 2021 in which Rosen Law Firm announces a securities class action against Robinhood Financial, LLC, Robinhood Securities, LLC, and Robinhood Markets, Inc. for those who sold AAL, AMC, BB, BBBY or GME via the Robinhood trading platform on or after January 28, 2021. The release states that, according to the lawsuit, Robinhood restricted trading in the Affected Securities to closing positions only and raised margin requirements to depress the value of those securities, and that anyone wishing to serve as lead plaintiff must move the Court no later than April 5, 2021. The release adds that no class has yet been certified and closes with a profile of Rosen Law Firm.
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- Gov.Uscourts.Flsd.590042.26.2
- Case
- Gov.Uscourts.Flsd.590042.26.2
Cite this document
“Exhibit 1 - PSLRA Notice (Dkt. 26.2).”
Original at archive.org. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/gov-uscourts-flsd-590042-26-2/
, SHA-256 9df3470ddfcb90e5669e0111a6f0efb743f5d935c2ff0c0ed205f3db73374b6a.Full text
Case 1:21-md-02989-CMA Document 26-2 Entered on FLSD Docket 04/05/2021 Page 1 of 3
EXHIBIT 1
Case 1:21-md-02989-CMA Document 26-2 Entered on FLSD Docket 04/05/2021 Page 2 of 3
EQUITY ALERT: Rosen Law Firm Files Securities Class Action
Lawsuit Against Robinhood Financial, LLC, Robinhood Securities,
LLC, and Robinhood Markets, Inc. – AAL, AMC, BB, BBBY, GME
February 02, 2021 07:27 PM Eastern Standard Time
NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it has filed a class action
lawsuit on behalf of those who sold American Airlines Group Inc. (NASDAQ: AAL), AMC Entertainment Holdings Inc.
(NYSE: AMC), BlackBerry Limited (NYSE: BB), Bed Bath & Beyond Inc. (NASDAQ: BBBY), or GameStop Corp. (NYSE:
GME) via the Robinhood trading platform on or after January 28, 2021 as a result of Robinhood’s restrictions. The lawsuit
seeks to recover damages for those affected by Robinhood’s alleged market manipulation under the federal securities
laws.
To join the Robinhood class action, go http://www.rosenlegal.com/cases-register-2029.html or call Phillip Kim, Esq. toll-free
at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.
According to the lawsuit, Robinhood engaged in illegal market manipulation by restricting trading of AAL, AMC, BB, BBBY,
and GME (the “Affected Securities”) to closing positions only, and raising each security’s respective margin requirements,
for purposes of depressing the value of the Affected Securities. As a result of this injection of fear into the market and
artificial restriction of demand, the price of the Affected Securities dropped precipitously, causing significant damages to
retail investors. These restrictions bestowed significant benefits to those who had short positions on the Affected
Securities, including hedge funds.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than
April 5, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If
you wish to join the litigation, go to http://www.rosenlegal.com/cases-register-2029.html or to discuss your rights or
interests regarding this class action, please contact Phillip Kim, Esq. of Rosen Law Firm toll free at 866-767-3653 or via e-
mail at pkim@rosenlegal.com or cases@rosenlegal.com.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT
REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU
MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR’S ABILITY TO
SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter:
https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.
Case 1:21-md-02989-CMA
Rosen Law Firm Document
represents investors 26-2
throughout the globe,Entered on its
concentrating FLSD Docket
practice in 04/05/2021
securities Page 3 of 3
class actions and
shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of
securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013. Rosen Law Firm
has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm’s attorneys
are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of
millions of dollars for investors. Attorney Advertising. Prior results do not guarantee a similar outcome.
Contacts
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com
Social Media Profiles
Rosen Law Firm on Twitter
Rosen Law Firm on LinkedIn
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