The amendment to the case accused the trading app creators of making the app interface appear “game-like” which drew in a number of inexperienced investors, particularly millennials with the average user’s age found to be at 31. Send Us A Message “Colossal Debt is no Game” CA.Īre you a trader that uses the Robinhood app? You may be qualified to join the class action lawsuit. You can find the case under the name: In re Robinhood Outage Litigation, 3:20-cv-01626-JD, N.D. Robinhood Financial, Robinhood Securities, and Robinhood Markets were accused of negligence, breach of contract and fiduciary duties, and violations of Financial Industry Regulatory Authority (FINRA) regulations. The app has gone dark 47 times since March. The class action suit alleges that users of the app were locked out of their accounts rendering it useless and inaccessible for the users to get to their funds or make any trade at a time when the market gained a record $1.1 trillion, and at another time when the Dow Jones Industrial Average had its largest point plunge in history and users were also unable to access their funds or make trades which resulted in them suffering considerable losses. ![]() This, combined with other, similar, allegations, gave way to the Robinhood Class Action Lawsuit. The popular trading, Robinhood, was recently sued after traders were unable to buy, sell, or trade on the app because of inopportune outages and roaring stock market activity. ![]() Class Actions Robinhood Class Action Lawsuit Are You Affected?īy Consider The Consumer on The Robinhood Class Action Lawsuit: Background and Amendments
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |