Robinhood settles with investors over halting trading of certain meme stocks

Robinhood is working to reach a settlement with investors who sued Robinhood for halting trading of certain meme shares in 2021, including GameStop. Robinhood's lawyers said in a May 28 filing in Miami federal court that the company is finalizing a settlement with the investor community and expects to complete the settlement and drop the lawsuit within the next two weeks. The filing did not contain details of the settlement agreement.