Short selling

NOTICE TO ROBINHOOD CUSTOMERS: The Securities Arbitration Law Firm of KlaymanToskes Is Investigating FINRA Arbitration Claims Concerning the January 2021 Trading Restrictions on Gamestop

Retrieved on: 
Tuesday, July 13, 2021
Legal, Professional services, Stock market, Robinhood, Financial markets, Short selling, Finance, Share trading, Financial Industry Regulatory Authority, New York Stock Exchange, GameStop, GameStop short squeeze, R/WallStreetBets

KlaymanToskes (KT), a leading national securities arbitration law firm, announces an investigation on behalf of Robinhood Financial, LLC (Robinhood) investors who sustained losses in Gamestop (NYSE: GME) due to trading restrictions imposed by Robinhood in January 2021.

Key Points: 
  • KlaymanToskes (KT), a leading national securities arbitration law firm, announces an investigation on behalf of Robinhood Financial, LLC (Robinhood) investors who sustained losses in Gamestop (NYSE: GME) due to trading restrictions imposed by Robinhood in January 2021.
  • On January 28, 2021, Robinhood announced it restricted traders on its platform from opening new positions in several stocks and raised margin requirements on certain securities, including Gamestop.
  • Robinhood stated that the trading restrictions were risk management decisions to protect the brokerage firm and its clearinghouses.
  • The sole purpose of this release is to investigate FINRA arbitration claims relating to Robinhoods trading restrictions occurring in January 2021.

SHAREHOLDER ALERT: Robbins LLP Announces that DiDi Global Inc. (DIDI) is Being Sued for Misleading Shareholders

Retrieved on: 
Thursday, July 8, 2021
Legal, Professional services, Financial markets, Stock market, Initial public offering, Security, Securities Exchange Act, Short selling, Private Securities Litigation Reform Act

The complaint alleges claims against defendants under the Securities Act of 1933 and Securities Exchange Act of 1934.

Key Points: 
  • The complaint alleges claims against defendants under the Securities Act of 1933 and Securities Exchange Act of 1934.
  • If you suffered a loss due to DiDi Global Inc.'s misconduct, click here .
  • According to the complaint, the Company sold approximately 316,800,000 shares at $14.00 per share in the IPO, for proceeds of $4,333.1 million.
  • On this news, the Company's share price fell over 5% to close at $15.53 per share on July 2, 2021.

Portnoy Law: Lawsuit Filed On Behalf of Draft Kings, Inc. Investors

Retrieved on: 
Tuesday, July 6, 2021
Sports betting, Browser-based game websites, Daily fantasy sports, Short selling, DraftKings, Hindenburg Research, Companies, Finance, Human activities

LOS ANGELES, July 06, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Draft Kings, Inc. ("Draft Kings" or "the Company") (NASDAQ: DKNG) investors that acquired securities between December 23, 2019 and June 15, 2021.

Key Points: 
  • LOS ANGELES, July 06, 2021 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Draft Kings, Inc. ("Draft Kings" or "the Company") (NASDAQ: DKNG) investors that acquired securities between December 23, 2019 and June 15, 2021.
  • Investors are encouraged to contact attorney Lesley F. Portnoy , to determine eligibility to participate in this action, by phone 310-692-8883 or email , or click here to join the case.
  • Hindenburg Research ("Hindenburg") published a report on June 15, 2021, addressing DraftKings, alleging that the Company's merger with SBTech exposed DraftKings to dealings in black-market gaming.
  • The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing.

Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against DraftKings Inc. (DKNG)

Retrieved on: 
Tuesday, July 6, 2021
Sports betting, Short selling, DraftKings, Hindenburg Research, Hindenburg, GME, Companies, Finance, Human activities

On June 15, 2021, Hindenburg Research (Hindenburg) published a report alleging that the Companys merger with SBTech exposed DraftKings to dealings in black-market gaming.

Key Points: 
  • On June 15, 2021, Hindenburg Research (Hindenburg) published a report alleging that the Companys merger with SBTech exposed DraftKings to dealings in black-market gaming.
  • A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
  • If you wish to discuss your rights or interests regarding this class action, please contact Thomas J. McKenna, Esq.
  • of Gainey McKenna & Egleston at (212) 983-1300, or via e-mail at [email protected] or [email protected] .

S3 Partners Launches Squeeze Risk Score on SI< GO > Bloomberg Terminal Page

Retrieved on: 
Thursday, June 17, 2021
Financial markets, Short selling, Finance, Money, Short squeeze, Short, Squeeze, Bloomberg Terminal, Robinhood

NEW YORK andLONDON andHONG KONG, June 17, 2021 /PRNewswire/ --S3 Partners, a leading fintech innovator and data analytics firm, today announced that it will offer its Squeeze Risk Score to all Bloomberg Terminal subscribers under 'S3 Squeeze' at {SI}.

Key Points: 
  • NEW YORK andLONDON andHONG KONG, June 17, 2021 /PRNewswire/ --S3 Partners, a leading fintech innovator and data analytics firm, today announced that it will offer its Squeeze Risk Score to all Bloomberg Terminal subscribers under 'S3 Squeeze' at {SI}.
  • Clients can use the Squeeze Risk Score to screen for stocks that are at risk of a potential short squeeze.
  • S3 Squeeze is a predictive analytic that provides a short squeeze risk score by including additional factors and insight into short sale risks associated with individual securities.
  • "The S3 Squeeze Risk Score is the only place institutional investors can go to measure and identify global securities that will be subject to short squeeze risk events, and we are excited to make these analytics available to our clients as well as all Bloomberg Terminal subscribers."

S3 Partners Launches Squeeze Risk Score on SI<GO> Bloomberg Terminal Page

Retrieved on: 
Thursday, June 17, 2021
Finance, Financial markets, Articles, Short selling, Short squeeze, Squeeze, Short, Bloomberg Terminal, Analytics

NEW YORK andLONDON andHONG KONG, June 17, 2021 /PRNewswire/ --S3 Partners, a leading fintech innovator and data analytics firm, today announced that it will offer its Squeeze Risk Score to all Bloomberg Terminal subscribers under 'S3 Squeeze' at {SI}.

Key Points: 
  • NEW YORK andLONDON andHONG KONG, June 17, 2021 /PRNewswire/ --S3 Partners, a leading fintech innovator and data analytics firm, today announced that it will offer its Squeeze Risk Score to all Bloomberg Terminal subscribers under 'S3 Squeeze' at {SI}.
  • Clients can use the Squeeze Risk Score to screen for stocks that are at risk of a potential short squeeze.
  • S3 Squeeze is a predictive analytic that provides a short squeeze risk score by including additional factors and insight into short sale risks associated with individual securities.
  • "The S3 Squeeze Risk Score is the only place institutional investors can go to measure and identify global securities that will be subject to short squeeze risk events, and we are excited to make these analytics available to our clients as well as all Bloomberg Terminal subscribers."

Judge Altonaga Appoints Rachel Furst as Liaison Counsel for January 2021 Short Squeeze Trading Litigation

Retrieved on: 
Wednesday, June 9, 2021
Financial markets, Finance, Money, Short selling, Financial regulation, Short, Stock market, Share trading, Hedge fund, Stock, Hedge, GameStop short squeeze

("Short selling" involves borrowing shares of a stock to quickly sell them and buy them back later at a lower price.

Key Points: 
  • ("Short selling" involves borrowing shares of a stock to quickly sell them and buy them back later at a lower price.
  • In the final weeks of January, the retail investors purchased these undervalued stocks that were being "shorted" by hedge funds.
  • This led to a "short squeeze," as those shorting the stock were pressured to close their short positions.
  • At the height of the short squeeze on January 28, brokerages put a hold on certain securities.

GameStop Announces First Quarter Fiscal 2021 Earnings Release Date and Confirms Annual Shareholder Meeting Date

Retrieved on: 
Wednesday, June 2, 2021
Finance, Money, GameStop, Financial markets, Grapevine, Texas, Investor relations, GME, New York Stock Exchange, Short selling

GRAPEVINE, Texas, June 02, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME), today announced that it will report first quarter fiscal 2021 earnings results after the market closes on Wednesday, June 9, 2021.

Key Points: 
  • GRAPEVINE, Texas, June 02, 2021 (GLOBE NEWSWIRE) -- GameStop Corp. (NYSE: GME), today announced that it will report first quarter fiscal 2021 earnings results after the market closes on Wednesday, June 9, 2021.
  • The Company will host an investor conference call at 5:00 pm ET on the same day to review the companys financial results.
  • This call and any supplemental information can be accessed at GameStop Corp.s investor relations home page at http://investor.GameStop.com/ .
  • The Company also confirmed that its Annual Shareholders Meeting is scheduled for Wednesday, June 9, 2021 at 625 Westport Parkway, Grapevine, Texas.

WallStreetBets Announces Community Polling Results for First-of-its-Kind Exchange-Traded Portfolio (ETP)

Retrieved on: 
Thursday, May 27, 2021
Technology, Finance, Security, Banking, Professional services, Software, Networks, Internet, Data management, Finance, Money, Robinhood, Short selling, Economy, R/WallStreetBets, Subreddits, Financial markets, Investment, Portfolio, WSB, Decentralization

The 20 crowd-selected assets are weighted by market capitalization, with a proposed 15% cap for optimal portfolio diversification and a 0.2% swap fee.

Key Points: 
  • The 20 crowd-selected assets are weighted by market capitalization, with a proposed 15% cap for optimal portfolio diversification and a 0.2% swap fee.
  • For more information about the WallStreetBets decentralized app or ETPs, visit https://www.wsbdapp.com/ .
  • Founded in 2012, WallStreetBets is a movement that aims to empower the little guy investors of the world against unaccountable financial institutions.
  • The movement lacks formal leadership and is instead a grassroots decentralized effort to leverage the power of community organizing for bringing accountability and transparency.

Vesttoo Appoints Former State Street Bank and Credit Suisse Executive to Lead Growth of $1B Insurance-Linked Program

Retrieved on: 
Wednesday, May 26, 2021
Insurance, Securities lending, Short selling, Alternative risk transfer, Security, Schumaker, Financial market

Mr. Schumaker will lead Vesttoo's ILP Program, which offers asset managers and pension schemes the opportunity to earn long-term, sustainable alpha by pledging securities to support short and mid-term Life and P&C alternative risk transfer transactions.

Key Points: 
  • Mr. Schumaker will lead Vesttoo's ILP Program, which offers asset managers and pension schemes the opportunity to earn long-term, sustainable alpha by pledging securities to support short and mid-term Life and P&C alternative risk transfer transactions.
  • Mr. Schumaker has invaluable experience creating and growing highly profitable lines of business, including the Alternative Financing Solutions business at State Street Bank, as well as lucrative securities lending, financing and collateral reinvestment programs for Credit Suisse.
  • "We are very excited to have Mr. Schumaker on board, and are looking forward to scaling Vesttoo's Insurance-Linked Program with the help of his expertise.
  • Vesttoo specializes in data-driven risk management solutions for the P&C and L&P markets, using cutting-edge technologies to transfer general insurance, lapse, mortality and longevity risk to the capital markets.