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Thu 5/6/2021 -- by Jan Hill
Back in June, the parents of University of Nebraska student Alexander Kearns found an ominous note on his computer: "How was a 20-year-old with no income able to get assigned almost a million dollars-worth of leverage?" Earlier that day - June 1 - a despondent Kearns had taken his own life after logging into the online brokerage app Robinhood and viewing the balance on his account: negative $730,165. Online brokerage firms including Robinhood, Charles Schwab, E*TRADE and more than a dozen other free or low-cost brokerages, hedge funds, and clearinghouses are fast becoming targets of class-action lawsuits. These cases are crying foul regarding trading restrictions imposed after stock prices for heavily shorted companies such as GameStop shot up, fueled by young day traders who took advantage of the well-publicized "short squeeze." Robinhood, the app popular with retail investors and online day traders, currently faces at least "46 putative class actions and three individual actions" related to the trading restrictions placed on the brick-and-mortar video game retailer GameStop last month. In a recent regulatory filing, Robinhood disclosed information requests from federal prosecutors, the Securities and Exchange Commission, states' attorneys general and various financial regulators regarding the firm's decision to restrict trading in stocks involving GameStop.....
Tue 3/23/2021 -- by Juliette Fairley
Cities in Washington and California are increasingly mandating an additional $4 to $5 an hour of COVID-19 premium pay, a move some in the retail industry see as an end run around the travails of collective bargaining.....

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1. Federal lawsuit filed against Pennsylvania, company in massive contract tracing data breach (wpxi.com)
Submitted Thu 05/06/2021   Pennsylvania Middle 1:21-cv-00824
2. Texas hazmat trucking company files Chapter 11 (freightwaves.com)
Submitted Thu 05/06/2021   Texas Southern 2:21-bk-21122
3. Valaris emerges from Chapter 11 bankruptcy (upstreamonline.com)
Submitted Mon 05/03/2021   Texas Southern 4:20-bk-34114
4. Business on Myrtle Beach's Ocean Boulevard files for Chapter 11 bankruptcy (postandcourier.com)
Submitted Mon 05/03/2021   South Carolina 2:21-bk-01080
5. Boeing supplier files for Chapter 11 bankruptcy amid layoffs (freightwaves.com)
Submitted Mon 05/03/2021   Texas Western 5:21-bk-50484
6. Amid fraud allegations, Connections files for Ch. 11 bankruptcy (delawareonline.com)
Submitted Wed 04/21/2021   Delaware 1:21-bk-10723
7. Self-Storage Operator Great Value Storage Files Chapter 11 Bankruptcy Protection (insideselfstorage.com)
Submitted Fri 04/23/2021   Delaware 1:21-bk-10690
8. This Beloved Local Burger Chain Just Filed for Bankruptcy (bestlifeonline.com)
Submitted Thu 04/15/2021   Illinois Northern - Chicago 1:21-bk-04731
9. South Park Clubhouse ownership files for Chapter 11 (wpxi.com)
Submitted Thu 04/15/2021   Pennsylvania Western 2:21-bk-20856
10. Golden Corral franchisee files for Chapter 11 bankruptcy protection (restaurantbusinessonline.com)
Submitted Mon 04/12/2021   North Carolina Eastern 5:21-bk-00833
11. Casa Bonita files for Chapter 11 bankruptcy (thedenverchannel.com)
Submitted Mon 04/12/2021   Arizona 2:21-bk-02477
12. Current/Elliott Owner Files for Chapter 11 Bankruptcy (sourcingjournal.com)
Submitted Wed 04/07/2021   Delaware 1:21-bk-10663
13. Federal Lawsuit Filed on Behalf of Teen Brutalized by Stockton Police - 2 Officers Already Fired (davisvanguard.org)
Submitted Mon 04/05/2021   California Eastern 2:21-cv-00607
14. Rochester Police Department Has 'Pervasive Problem of Racism,' Federal Lawsuit Says (wsj.com)
Submitted Mon 04/05/2021   New York Western 6:20-cv-06675
15. Georgia voting restrictions challenged again in third federal lawsuit (ajc.com)
Submitted Thu 04/01/2021   Georgia Northern 1:21-cv-01284

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