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BREAKING NEWS: Melvin Capital is SCREWED

EDIT: Fixed the link, SORRY!

EDIT: Credit to u/AnAlpacca for finding one of the defendant lists! Posted to the bottom (SPOILER: CITADEL IS ONE OF THEM)

I just read Melvin Capital's most recent Form ADV and HOOOOOOOOLLLLLY SH*T.....IT'S ABOUT TO RAAAAAAIN FIRE!!!!

Melvin and other undisclosed parties are being sued by not 1, but 11 different law firms for preventing the squeeze from squozing... We're not talking about a simple violation, here: we're talking about the biggest judicial gangbang of our lifetimes. Here are the PDF pages with the lawsuits:

  • pg 45: HACH ROSE SCHIRRIPA & CHEVERIE, LLP; date filed 2/22/2021

  • pg 47: THREE LAWFIRMS - 1 FILING!!!; date filed 2/02/2021

    • AUDET & PARTNERS, LLP

    • LIEFF CABRASER HEIMANN & BERNSTEIN, LLP

    • COMPUTER LAW GROUP, LLP

  • pg 48: ROBERTS TATE, LLC; date filed 1/29/2021

  • pg 50 & 52: BLAISE & NITSCHKE, P.C.; date filed 1/28/2021

    • Two lawsuits filed

  • pg 53: TWO LAWFIRMS - 1 FILING!!!; date filed 2/11/2021

    • MCDONALD WORLEY, P.C.

    • FARRAR & BALL, LLP

  • pg 55: GARY R. CARLIN, ESQ; date filed 2/4/2021

  • pg 57: EDELSON LECHTZIN, LLP; date filed 2/4/2021

  • pg 58 (very bottom): JOSEPH SAVERI LAW FIRM, INC.; date filed 2/1/2021

Citations include, but not limited to, the following:

"The complaint alleges that Melvin Capital Management LP, along with other market participants, conspired to limit trading of certain securities, which resulted in monetary damages to the plaintiffs. Melvin Capital Management LP Believes that the allegations in the complaint are without merit".

furthermore, Melvin Capital is being accused of violating (or committing):

  • SHERMAN ACT

  • TORTIOUS INTERFERENCE WITH CONTRACTUAL RELATIONSHIPS DONNELLY ACT

  • VIOLATIONS OF STATE ANTITRUST LAWS

  • CIVIL CONSPIRACY

  • CARTWRIGHT ACT

Justice WILL be served

________________________________________________________________________________________________________

From u/AnAlpacca

If you search just the first lawsuit mentioned, UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK; NY, NY; CASE 1:21-CV-00677, you will find the list of defendant's contains none other than Sh*tadel. Full list from just first case and link:

ALLY FINANCIAL INC., ALPACA SECURITIES LLC, CASH APP INVESTING LLC, SQUARE INC., MORGAN STANLEY SMITH BARNEY LLC, ETRADE SECURITIES LLC, ETRADE FINANCIAL CORPORATION, E*TRADE FINANCIAL HOLDINGS, LLC, ETORO USA SECURITIES, INC., FREETRADE, LTD., INTERACTIVE BROKERS LLC, M1 FINANCE, LLC, OPEN TO THE PUBLIC INVESTING, INC., ROBINHOOD FINANCIAL, LLC, ROBINHOOD MARKETS, INC., ROBINHOOD SECURITIES, LLC, IG GROUP HOLDINGS PLC, TASTYWORKS, INC., TD AMERITRADE, INC., THE CHARLES SCHWAB CORPORATION, CHARLES SCHWAB & CO. INC., FF TRADE REPUBLIC GROWTH, LLC, TRADING 212 LTD., TRADING 212 UK LTD., WEBULL FINANCIAL LLC, FUMI HOLDINGS, INC., STASH FINANCIAL, INC., BARCLAYS BANK PLC, CITADEL ENTERPRISE AMERICAS, LLC, CITADEL SECURITIES LLC, MELVIN CAPITAL MANAGEMENT LP, SEQUOIA CAPITAL OPERATIONS LLC, APEX CLEARING CORPORATION, THE DEPOSITORY TRUST & CLEARING CORPORATION

https://classactionsreporter.com/wp-content/uploads/Stock-Sellers-Conspiracy-to-Shield-Themselves-from-Losses-Compl.pdf

Check page 17 of that PDF:

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