Robinhood Seeks To Nix Customers' Data Breach Suit

By Elise Hansen (March 15, 2021, 9:43 PM EDT) -- Robinhood users who claim to be affected by a data breach haven't made the case that their losses were the result of inadequate security measures, the stock-trading platform has told a California federal court.

Robinhood Financial LLC and its affiliates on Friday asked the court to dismiss the suit, which accuses Robinhood of negligence and breaches of California state laws. While the Robinhood customers claim they lost personal information and money after a data breach, they never showed that the data breach was due to any inaction on Robinhood's part, the company argued.

"Plaintiffs cannot point to any fact demonstrating that...

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