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MOTION to Set Briefing Schedule re 713 MOTION to Compel Arbitration and for Stay Pending Arbitration by… (Dkt. 715)

Summary

Motion filed December 13, 2024 (Document 715) in In re: January 2021 Short Squeeze Trading Litigation (Case No. 21-MD-02989-ALTONAGA, S.D. Fla.), in which Robinhood Markets, Inc., Robinhood Financial LLC and Robinhood Securities, LLC ask the court to set a briefing schedule for their Motion to Compel Arbitration and for Stay Pending Arbitration (ECF No. 713). Robinhood proposes a response deadline of January 13, 2025 and a reply deadline of January 27, 2025, citing the good-cause standard of Fed. R. Civ. P. 6(b)(1). It says all remaining plaintiffs except pro se Plaintiff Gatz agree, that settlement negotiations with several plaintiffs may make some responses unnecessary, and that the schedule allows for the holidays. Under the certificate of conferral, Gatz opposes and all other remaining plaintiffs consent.

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Gov.Uscourts.Flsd.590042.715.0
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Gov.Uscourts.Flsd.590042.715.0

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“MOTION to Set Briefing Schedule re 713 MOTION to Compel Arbitration and for Stay Pending Arbitration by… (Dkt. 715).” Original at archive.org. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/gov-uscourts-flsd-590042-715-0/, SHA-256 08ff4be9383c6ae0526854ef58f72d96205c04fac423f725044420a9e4e3b37a.

Full text

Case 1:21-md-02989-CMA Document 715 Entered on FLSD Docket 12/13/2024 Page 1 of 3




                               UNITED STATES DISTRICT COURT
                               SOUTHERN DISTRICT OF FLORIDA

                               CASE NO. 21-MD-02989-ALTONAGA

   In re:

   JANUARY 2021 SHORT SQUEEZE
   TRADING LITIGATION
   _________________________________/

   This Document Relates to All Actions

                        MOTION TO ESTABLISH BRIEFING SCHEDULE

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

   Securities, LLC (collectively, “Robinhood”) respectfully request the Court to enter an order

   establishing a briefing schedule regarding Robinhood’s Motion to Compel Arbitration and for Stay

   Pending Arbitration [ECF No. 713] (“Motion to Compel”). Specifically, Robinhood requests that

   the Court establish a response deadline of January 13, 2025, and a reply deadline of January 27,

   2025.

            Good cause exists to grant Robinhood’s requested briefing schedule. See Fed. R. Civ. P.

   6(b)(1) (providing that a court may extend deadlines for good cause). First, all the remaining

   plaintiffs agree to this briefing schedule, save for pro se Plaintiff Gatz. Moreover, Robinhood and

   several of the remaining plaintiffs are in productive settlement negotiations. Extending the

   briefing deadlines will give Robinhood and these plaintiffs time to continue their negotiations,

   which likely will obviate the need for several remaining plaintiffs to respond to the Motion to

   Compel. Finally, Robinhood’s requested briefing schedule takes into account the upcoming

   holidays, preventing the plaintiffs and Robinhood from having to prepare briefs and coordinate

   with clients during a time often marked by vacations and celebrations.




                                                   1
Case 1:21-md-02989-CMA Document 715 Entered on FLSD Docket 12/13/2024 Page 2 of 3




          WHEREFORE, Robinhood respectfully requests this Court to enter an order establishing

   the following briefing schedule regarding Robinhood’s Motion to Compel: a response deadline of

   January 13, 2025, and a reply deadline of January 27, 2025. A proposed order to this effect is

   attached as Exhibit 1.

                                CERTIFICATE OF CONFERRAL

          In accordance with Local Rule 7.1(a)(3), counsel for Robinhood certifies that they have

   conferred with counsel for each of the remaining plaintiffs regarding the relief requested in this

   Motion. Plaintiff Gatz opposes the Motion. All other remaining plaintiffs consent to the relief

   requested in this Motion.




                                                   2
Case 1:21-md-02989-CMA Document 715 Entered on FLSD Docket 12/13/2024 Page 3 of 3




   Dated: December 13, 2024                           Respectfully submitted,

                                                      /s/ Tom K. Schulte
                                                      HUNTON ANDREWS KURTH LLP
                                                      Samuel A. Danon (FBN 892671)
                                                      María Castellanos Alvarado (FBN 116545)
                                                      Tom K. Schulte (FBN 1025692)
                                                      333 S.E. 2nd Avenue, Suite 2400
                                                      Miami, Florida 33131
                                                      Tel.: (305) 810-2500
                                                      Fax: (305) 810-2460
                                                      sdanon@huntonak.com
                                                      mcastellanos@huntonak.com
                                                      tschulte@huntonak.com

                                                      CRAVATH, SWAINE & MOORE LLP
                                                      Antony L. Ryan (pro hac vice)
                                                      Kevin J. Orsini (pro hac vice)
                                                      Brittany L. Sukiennik (pro hac vice)
                                                      Two Manhattan West
                                                      375 Ninth Avenue
                                                      New York, NY 10001
                                                      Tel.: (212) 474-1000
                                                      Fax: (212) 474-3700
                                                      aryan@cravath.com
                                                      korsini@cravath.com
                                                      bsukiennik@cravath.com

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



                                  CERTIFICATE OF SERVICE

          I certify that on December 13, 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/ Tom K. Schulte




                                                  3


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