May 16, 2023
A California federal judge on Tuesday gave the final stamp of approval to a nearly $20 million deal between Robinhood Financial LLC and a group of its customers, resolving allegations that the trading platform failed to protect thousands of accounts from a large data breach.
August 23, 2022
A California magistrate judge on Tuesday preliminarily approved Robinhood Financial LLC's $20 million deal to settle a putative class action accusing the trading platform of failing to do enough to protect thousands of accounts from a data breach, noting that she received no objections and the deal seems fair.
July 06, 2022
Robinhood Financial LLC has agreed to pay up to $20 million to provide compensation and credit monitoring to thousands of customers who say their accounts were hacked in order to settle a putative class action accusing the trading platform of failing to do enough to thwart the unauthorized access.
September 09, 2021
A California magistrate judge has again refused to ax a proposed class action brought by Robinhood customers who say their accounts were hacked, finding that they had adequately alleged claims under the state's novel privacy law, while giving them another chance to revise several other allegations.
May 07, 2021
Robinhood customers who say their accounts were hacked can pursue some of their claims against the popular stock-trading platform, including allegations that Robinhood maintained lax security measures, a California magistrate judge found.
April 27, 2021
A California federal judge said Tuesday she's unlikely to toss a lawsuit accusing the stock-trading platform Robinhood of failing to adequately protect users' accounts from hackers, despite Robinhood's arguments that there was no data breach and that users, not the brokerage, failed to secure their accounts.
March 15, 2021
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.