Traders reiterate claims of anticompetitive agreement between Robinhood and Citadel

About a month after Robinhood and Citadel challenged the amended antitrust complaint against them, the plaintiffs in a multidistrict litigation (MDL) related to the January 2021 short squeeze have submitted their response at the Court.

Let’s recall that, according to the plaintiffs, this case involves a collusive agreement to restrict individual investors from exercising control over their trades and trading accounts. Robinhood and Citadel are accused of having hatched an anticompetitive scheme to restrict Retail Investors’ access to specific securities in the stock market, to suppress the prices of these securities, and to prevent the market from operating freely and fairly.

The complaint further alleges that Robinhood and Citadel entered into an illegal agreement to implement this scheme and committed a series of overt acts in furtherance of the conspiracy. The agreement was implemented, effective and caused its intended purposes, causing hundreds of millions in dollars in damages to the Plaintiffs and the Class they represent.

In February, Robinhood and Citadel sought to dismiss the amended complaint. Now, the traders have responded to the defendants’ arguments.

The traders claim that the defendants challenge the sufficiency of the Amended Complaint on incorrect grounds.

First, Defendants argue that the ample allegations contained in the Amended Complaint amount only to ordinary business communications between two business partners and that their conduct was otherwise innocent. This is is wrong, the traders say, arguing that they plausibly allege specific actions of Defendants’ executives before and after the trading restrictions, a pattern of suspicious communications before and after the imposition of the trading restrictions, and the unprecedented nature of the restraints, which when viewed as a whole, without dismembering it into parts, a jury can support the inference of an anticompetitive agreement.

The plaintiffs note their allegations of market conditions that made the market susceptible to anticompetitive and unlawful collusion. The traders insist that the defendants’ alternative explanations of their conduct with facts outside the Amended Complaint only serve to identify factual disputes, inappropriate to resolve at this juncture.

Second, the traders claim that the defendants’ motion to dismiss largely rehashes the arguments levied against Plaintiffs initial consolidated class action complaint. Plaintiffs have heard the Court’s concerns and addressed them in the Amended Complaint. According to the traders, Robinhood and Citadel seem to largely ignore their new allegations.

Third, Defendants argue that regardless of whether the Amended Complaint sets forth a cognizable antitrust claim, the Amended Complaint cannot continue because Plaintiffs’ claims are preempted by the securities’ law. The plaintiffs disagree, saying that there is no repugnancy between antitrust law and securities law here. Even assuming arguendo that there were, Congress has already determined that Plaintiffs’ antitrust claims should move forward by embedding into the Dodd-Frank Act an expansive savings clause applicable to Plaintiffs’ claims.

Finally, the traders note that Robinhood and Citadel mischaracterize what investigation has occurred, and lean heavily on a report prepared by the SEC’s staff, which by its own terms, is of limited precedential value and does not purport to be the conclusive results of an investigation.

Posted on

3,061 Replies to “Traders reiterate claims of anticompetitive agreement between Robinhood and Citadel”

  15. Everything information about medication. drug information and news for professionals and consumers.
    generic ivermectin
    Some are medicines that help people when doctors prescribe. Medscape Drugs & Diseases.

  19. Some are medicines that help people when doctors prescribe. Everything about medicine.
    ivermectin iv
    Medscape Drugs & Diseases. Learn about the side effects, dosages, and interactions.

  24. Everything information about medication. Everything information about medication.
    ivermectin 90 mg
    Generic Name. Everything information about medication.

  30. drug information and news for professionals and consumers. Comprehensive side effect and adverse reaction information.
    https://stromectolst.com/# stromectol liquid
    Actual trends of drug. Everything what you want to know about pills.

  31. Commonly Used Drugs Charts. Medscape Drugs & Diseases.
    https://levaquin.science/# where can i get cheap levaquin without a prescription
    Read now. What side effects can this medication cause?

  33. safe and effective drugs are available. Read information now. https://avodart.science/# generic avodart prices
    drug information and news for professionals and consumers. Drug information.

  34. Some are medicines that help people when doctors prescribe. Everything what you want to know about pills.
    cost levaquin pill
    Learn about the side effects, dosages, and interactions. Some trends of drugs.

  41. Generic Name. Everything information about medication. buy avodart pills
    Some are medicines that help people when doctors prescribe. Get information now.

  43. п»їMedicament prescribing information. Actual trends of drug. https://amoxicillins.com/ amoxicillin canada price
    What side effects can this medication cause? safe and effective drugs are available.

  45. Prescription Drug Information, Interactions & Side. Get here.
    https://azithromycins.online/ zithromax pill
    drug information and news for professionals and consumers. drug information and news for professionals and consumers.

  46. What side effects can this medication cause? Drugs information sheet.
    https://clomiphenes.com how to get clomid without a prescription
    Definitive journal of drugs and therapeutics. Get warning information here.

  48. Get information now. Prescription Drug Information, Interactions & Side.
    https://clomiphenes.com where to get cheap clomid without a prescription
    Medscape Drugs & Diseases. Read information now.

  49. Prescription Drug Information, Interactions & Side. Some are medicines that help people when doctors prescribe. cost of amoxicillin 875 mg
    Everything about medicine. Actual trends of drug.

  55. safe and effective drugs are available. п»їMedicament prescribing information.
    https://azithromycins.com/ zithromax for sale usa
    Prescription Drug Information, Interactions & Side. Cautions.

  56. What side effects can this medication cause? Learn about the side effects, dosages, and interactions. azithromycin amoxicillin
    Generic Name. drug information and news for professionals and consumers.

  57. Some are medicines that help people when doctors prescribe. Comprehensive side effect and adverse reaction information.
    where buy cheap clomid
    Drug information. Cautions.

  59. Everything what you want to know about pills. Best and news about drug.
    https://edonlinefast.com best treatment for ed
    Everything about medicine. Everything information about medication.

  62. Generic Name. Drug information.
    cheap ed drugs
    Prescription Drug Information, Interactions & Side. Get warning information here.

  65. Some are medicines that help people when doctors prescribe. Commonly Used Drugs Charts.
    https://edonlinefast.com cheap erectile dysfunction
    Top 100 Searched Drugs. What side effects can this medication cause?

  66. Some trends of drugs. All trends of medicament.
    ed meds online
    п»їMedicament prescribing information. Comprehensive side effect and adverse reaction information.

  67. Commonly Used Drugs Charts. Comprehensive side effect and adverse reaction information.
    pills for erection
    Comprehensive side effect and adverse reaction information. Generic Name.

  80. Some are medicines that help people when doctors prescribe. Top 100 Searched Drugs.
    https://canadianfast.online/# prescription drugs without doctor approval
    Everything what you want to know about pills. Everything about medicine.

  82. Comprehensive side effect and adverse reaction information. Get here.
    canadian drugs online
    Everything information about medication. safe and effective drugs are available.

  91. Drug information. Definitive journal of drugs and therapeutics.
    redtube viagra
    Long-Term Effects. Comprehensive side effect and adverse reaction information.

  100. Actual trends of drug. Learn about the side effects, dosages, and interactions.
    https://tadalafil1st.com/# tadalafil 5mg tablets in india
    Prescription Drug Information, Interactions & Side. Actual trends of drug.

  103. Prescription Drug Information, Interactions & Side. safe and effective drugs are available.
    https://tadalafil1st.online/# cialis 20mg uk
    Comprehensive side effect and adverse reaction information. п»їMedicament prescribing information.

  106. What side effects can this medication cause? Everything what you want to know about pills.
    https://tadalafil1st.online/# tadalafil 20mg no prescription
    Everything information about medication. drug information and news for professionals and consumers.

  107. Read information now. Some are medicines that help people when doctors prescribe.

    https://zithromaxa.fun/ where to get zithromax
    What side effects can this medication cause? Medscape Drugs & Diseases.

  108. Some are medicines that help people when doctors prescribe. drug information and news for professionals and consumers.

    https://zithromaxa.fun/ cost of generic zithromax
    Comprehensive side effect and adverse reaction information. All trends of medicament.

  181. https://overthecounter.pro/# muscle relaxers over the counter
    over the counter tapeworm treatment for dogs [url=https://overthecounter.pro/#]over-the-counter drug[/url] best over the counter yeast infection treatment

  187. buy drugs canada [url=http://pillswithoutprescription.pro/#]online canadian discount pharmacy[/url] canadian pharmacy generic viagra

  191. ed pills gnc [url=https://edpills.pro/#]erection pills that work[/url] new treatments for ed

  195. best online international pharmacies [url=https://pillswithoutprescription.pro/#]canadian online pharmacies ratings[/url] canadian drugs online pharmacy

  841. canadian farmacy: canadian pharmacy no rx – canadian pharmacy meds coupon
    good online mexican pharmacy – internationalpharmacy.icu Breaking down borders with every prescription.

  845. certified canadian international pharmacy: cheapest online pharmacies – overseas online pharmacy-no prescription
    usa online pharmacy – interpharm.pro The staff exudes professionalism and care.

  847. online canadian pharmacies: canadian rx pharmacy – ordering prescription drugs from canada
    mail order pharmacy in canada – interpharm.pro I’ve sourced rare medications thanks to their global network.

  851. online doctor prescription canada: canada online drugstore – pharmacies online canada
    online pharmacy in india – interpharm.pro Always professional, whether dealing domestically or internationally.

  853. best online pharmacies in canada: foi wesley chapel – cnadian pharmacy
    canadian pharmacy online – internationalpharmacy.icu Every visit reaffirms why I choose this pharmacy.

  1583. Co powinienem zrobić, jeśli mam wątpliwości dotyczące mojego partnera, takie jak monitorowanie telefonu komórkowego partnera? Wraz z popularnością smartfonów istnieją teraz wygodniejsze sposoby. Dzięki oprogramowaniu do monitorowania telefonu komórkowego możesz zdalnie robić zdjęcia, monitorować, nagrywać, robić zrzuty ekranu w czasie rzeczywistym, głos w czasie rzeczywistym i przeglądać ekrany telefonów komórkowych.

  1853. Meilleure application de contrôle parental pour protéger vos enfants – Moniteur secrètement secret GPS, SMS, appels, WhatsApp, Facebook, localisation. Vous pouvez surveiller à distance les activités du téléphone mobile après le téléchargement et installer l’apk sur le téléphone cible. https://www.mycellspy.com/fr/

  2750. Pingback: grandpashabet
  2775. Pingback: child porn
  2783. Pingback: child porn
  2817. Pingback: child porn

  3009. Hello!

    This post was created with XRumer 23 StrongAI.

    Good luck 🙂

  3013. Hello.

    This post was created with XRumer 23 StrongAI.

    Good luck 🙂

  3050. Pingback: child porn

  3061. In our blog, we bring you the most recent updates and thrilling news about the most popular UK figures from the worlds of the press, reality TV, and popular culture. Whether you’re a fan of hit reality shows like Love Island, The Only Way Is Essex, or Made in Chelsea, or you’re interested to keep up with the lives of the UK’s top social media content creators, our publication covers it all. From fascinating behind-the-scenes drama to exclusive conversations, we ensure you’re in the know with everything happening in the world of your most-followed personalities – https://joshbond.co.uk/community/main-forum/latest-and-current-uk-news/ .

    UK reality TV contestants have gained huge notoriety over the years, evolving from everyday individuals into household names with massive audiences. Our publication delves into their personal and professional lives, offering insights into their latest ventures, connections, and scandals. Whether it’s a new relationship brewing on Love Island or a cast member from Geordie Shore launching a new business, you’ll find comprehensive stories that reveal the glamorous yet sometimes chaotic lives of these personalities.

Leave a Reply

Your email address will not be published. Required fields are marked *