11th Circuit Affirms Dismissal Of Short Squeeze Investor Suit Under N.Y. Law

( October 11, 2024, 10:38 AM EDT) -- ATLANTA — Saying in an unpublished per curiam opinion that retail investors “failed to show that [securities broker-dealer  Apex Clearing Corp.] is liable for its actions under New York law,” an 11th Circuit U.S. Court of Appeals panel affirmed dismissal of a putative class case that was part of multidistrict litigation over the January 2021 halting of retail investor trading in certain meme stocks....