Day Traders Sue E*TRADE for Huge Financial Losses in Oil Futures Fiasco
SAN FRANCISCO, CA (August 18, 2020)—Three plaintiffs have filed a class-action lawsuit in U.S. District Court against brokerage giant E*TRADE, claiming a software glitch trapped traders into small-size contracts when oil prices went negative for the first time in history. The unprecedented crash happened in the crude oil futures market