According to Cointelegraph, Robinhood is close to reaching a settlement with investors over lawsuits related to Meme stocks such as GameStop. Robinhood's lawyers said the company is "finalizing a settlement agreement" with investors and expects to reach a settlement and withdraw the lawsuit in the next two weeks. Previously, investors including lead plaintiff Blue Laine-Beveridge accused Robinhood of "illegally manipulating market prices" and "wiping out tens of billions of dollars in investor rights" by "picking" stocks that its users can buy between January 28 and February 4, 2021.