Exhibit E — Case 1:21-md-02989-CMA (Document 571-6)

Summary

Exhibit E (Document 571-6) in Case 1:21-md-02989-CMA, entered on the FLSD docket 06/09/2023, is an email dated Monday, May 15, 2023 from Kevin Orsini to Stuart Chelin, copied to Laurence Rosen, Jeff Klafter, Maurice Pessah, Antony Ryan, Brittany Sukiennik and Daniel Slifkin, with the subject Re: MDL 2989---Mediation Scheduled for May 17, 2023. The email states an intent to proceed with the Court-ordered mediation scheduled for May 17 with the lead plaintiffs and lead counsel whom the Court appointed under the PSLRA to pursue all federal securities claims in this MDL. It quotes the May 10, 2023 email from Stuart Chelin on the Options Action, Scarborough et al. v. Robinhood Markets LLC et al.

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Case 1:21-md-02989-CMA Document 571-6 Entered on FLSD Docket 06/09/2023 Page 1 of 2

EXHIBIT E
Case 1:21-md-02989-CMA Document 571-6 Entered on FLSD Docket 06/09/2023 Page 2 of 2
me

Friday, June 9, 2023 at 11:44:46 Eastern Daylight Ti

Subject: Re: MDL 2989---Mediation Scheduled for May 17, 2023

Date:

From:

To:
co

Monday, May 15, 2023 at 12:30:17 PM Eastern Daylight Time
Kevin Orsini

Stuart Chelin
Laurence Rosen, Jeff Klafter, Maurice Pessah, Antony Ryan, Brittany Sukiennik, Daniel Slifkin

Attachments: image001.jpg, imageO01.jpg

4 External (korsini@cravath.com)

Stuart,

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We intend to proceed with the Court-ordered mediation scheduled for May 17 with the lead plaintiffs and
lead counsel whom the Court appointed under the PSLRA to pursue all federal securities claims in this MDL.

Kevin

Sent from my iPad

On May 10, 2023, at 5:19 PM, Stuart Chelin <stuart@chelinilaw.com> wrote:

Dear Laurence and Kevin,

As you know, Messrs. Pessah, Klafter and | have filed, and served, a Complaint in Scarborough et
al. v. Robinhood Markets LLC et al. (the “Options Action”).

The Options Action, which was originally filed in the Central District of California, has been
transferred, and is now a part of MDL No. 2989 (the “MDL"), Case No. 23-21572-ClV-ALTONAGA.
The Options Action asserts the same securities fraud claims which are now pending before the
Court in the MDL. However, the Options Action seeks redress on behalf of a class which is
distinct from the existing securities action currently pending under the Securities Tranche of the
MDL (“Stock Action”). The Stock Action asserts claims on behalf of those persons who held the
affected common stocks at issue as of the close of trading on January 27, 2021, and sold such
shares at a loss between January 28, 2021, and February 4, 2001 (“Stock Class”). The Options
Action asserts claims on behalf of those persons who held call options to purchase the restricted
securities at issue as of the close on January 27, 2021, and who either sold those options, or had
them expire, resulting in a loss between January 28, 2021, and February 19, 2021 (“Options
Class”). Further, the basket of affected options in the Options Action largely overlaps the basket
of affected stocks in the Stock Action except that the affected options basket (i) includes options
to purchase American Airlines Group Inc. (NASDAQ: AAL), and (ii) does not include options to
purchase Koss Corp. (“KOSS”), Tootsie Roll industries Inc. (“TR”), or Trivago N.V. (“TRVG").

We are aware that the Court has entered an order requiring each of you to participate in a
mediation on May 17, 2023 in an effort to settle the securities fraud claims sustained by the

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