GR Law Announces Pendency of Fed. Securities Claims Against Apex Clearing Corporation

Thu, May 6, 2021, 11:39 AM·2 min read

Gucovschi Rozenshteyn, PLLC., a consumer rights litigation firm, announces that a lawsuit is pending in the Southern District of Florida alleging that Apex Clearing Corporation ("Apex") and Interactive Brokers, LLC. ("Interactive Brokers") prohibited "their broker dealers and investors from buying multiple publicly traded stocks, including but not limited to AMC Entertainment ("AMC"), Blackberry Limited ("BB"), Express, Inc. ("EXPR"), GameStop ("GME"), and Koss Corporation ("KOSS") (collectively, the "Stocks"), during an unprecedented rise in valuation of the aforementioned Stocks" in January 2021, in violation of federal securities laws. The lawsuit alleges violations of Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78(j)(b), and Rule 10b-5 promulgated thereunder by the SEC. 17 C.F.R. § 240.10b-5. The lawsuit, captioned Eisen v. Apex Clearing Corporation, et al., is pending in the Southern District of Florida under docket number­­­­­­­ 1:21-cv-21665­­­. It has been consolidated into the multidistrict litigation In re: January 2021 Short Squeeze Trading Litigation, Case No. 1:21-md-02989-CMA (S.D. Fl.). The federal securities claims are brought on behalf of all persons within the United States who purchased one or more of the Stocks prior to January 28, 2021. Pursuant to the Private Securities Litigation Reform Act ("PSLRA"), 15 U.S.C. § 78u-4(a)(3)(A)(i)(II), any member of the purported class seeking to serve as lead plaintiff of the purported class shall, no later than 60 days after the date on which this notice is published, move the Court for appointment as lead plaintiff and approval of lead plaintiff’s selection of lead counsel. Any member of the proposed class may move the Court to serve as lead plaintiff through counsel of their choice. If you wish to discuss this action, Adrian Gucovschi of Gucovschi Law, PLLC., may be contacted at (212) 884-4230 or through info@gucovschi-law.com.

Original link: https://www.yahoo.com/lifestyle/gucovschi-law-pllc-announces-pendency-153900925.html