A fleet of law firms have stepped in for defendants in a class action challenging Robinhood’s payment for order flow and order routing practices. Debevoise & Plimpton and Stearns Weaver Miller Weissler Alhadeff & Sitterson are counsel to the stock trading app. Paul Weiss Rifkind Wharton & Garrison is representing Virtu Financial Inc. Cleary Gottlieb Steen & Hamilton and Holland & Knight are defending Two Signa Securities. White & Case is representing Apex Clearing Corporation and Quinn Emanuel Urquhart & Sullivan has entered an appearance for Citadel Securities.

The suit, filed Aug. 31 in Florida Southern District Court, claims that Robinhood misleads customers regarding the payments it receives in exchange for sending orders to third-party trading firms for execution. The case, assigned to U.S. District Judge Marcia G. Cooke, is 0:21-cv-61848, Alers v. Robinhood Financial, LLC et al.

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