Robinhood hit with class-action lawsuit after restricting GameStop stock

The online stock trading app Robinhood was hit with a class-action lawsuit Thursday by a trader upset the company restricted buying of GameStop shares amid a market feeding frenzy involving small-time investors inspired by a Reddit web forum.

In the Manhattan federal court suit, Massachusetts resident Brendon Nelson claimed the app blocked users from its service by pulling the shopping mall video game store’s stock — which was sent skyrocketing in value over the past few days — from its trading.

“On or about January 27, 2021 Robinhood, in order...