User Says Robinhood Is Trying To 'Wipe Out' Class Claims

Law360 (March 27, 2020, 8:44 PM EDT) -- A Robinhood customer moved for a temporary restraining order in one of several class actions filed against the online trading app after users experienced significant issues with account access across two trading days, saying the company has sought to “wipe out” the class’ claims with a $75 credit contingent on signing a release.

Travis Taaffe, who filed a complaint against Robinhood Markets Inc. on March 4 in the U.S. District Court for the Middle District of Florida, filed a motion for a temporary restraining order and preliminary injunction on Thursday. He is asking the court to block Robinhood from sending “misleading...

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