Zachary, LA asked in Federal Crimes, Stockbroker Fraud and Trademark for Louisiana

Q: Can you sue Robinhood for outages during an all-time high on funds for fraudulence activity and negligence, if any more?

Recently I invested $1000 into Dogecoin as it was at its lowest of 0.19 and just today this cryptocurrency has just reached its all-time high of 0.60. And because of the surge of this high buying for Dogecoin, Robinhood's crypto services went out and I couldn't sell nor buy during this time as you should be able to. This also happened before where they removed Gamestop trading and they were facing lawsuits for many of the reasons. They said they would provide a more suitable website to take on these outages and movements of our selling/buying actions and still, it happened again. Are these reasons to sue them, and can they get into more trouble for bribery and string attached manipulation?

1 Lawyer Answer
Bruce Alexander Minnick
Bruce Alexander Minnick
  • Stockbroker & Investment Fraud Lawyer
  • Tallahassee, FL

A: Sure, anyone can sue anyone else; so f you have $400,000 I am sure you can find a bunch of security lawyers willing to try to slay a giant. But you need to forget about "bribery" and "string-attached manipulation."

1 user found this answer helpful

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