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Robinhood nears settlement on GameStop, meme stocks suit

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Robinhood has settled with investors that sued it over its 2021 meme stock trading halt saga.

Trading platform Robinhood is finalizing a settlement with investors who claimed they were burned by its 2021 meme stock buy block.

The filing did not include the settlement’s details. Robinhood, its counsel and the investor group’s counsel did not immediately respond to requests for comment.

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