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> They could face lawsuits from investors in Melvin and other hedge funds Wait until Robinhood sees the class action lawsuit
by vincentmarle 6y ago
> They could face lawsuits from investors in Melvin and other hedge funds
Wait until Robinhood sees the class action lawsuit
- nico_h 6y agoShouldn't they have an arbitration clause in there somewhere? Maybe that would open them to a Thousand Papercut bleeding when everyone activate the arbitration clause at once.
- snarf21 6y agoClass action lawsuits never tend to work out that well for the little guy. Lawyers get rich and the Goliath pays essentially a fine.
- azemetre 6y agoClass action lawsuits are about people punishing companies because the government won't levy a harsh enough penalty. I never took part in a class action because I wanted "a payday," I take part in them because I want the company punished.
- derwiki 6y agoWouldn’t forced arbitration in the TOS prevent that?