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In re Robinhood Outage Litigation

  1. June 15, 2023

    Robinhood Users' Attys Get $2.97M In $9.9M Outages Deal

    A California federal judge approved Robinhood's $9.9 million deal to compensate about 146,000 users for service outages on the platform in 2020 on Thursday and signed off on $2.97 million in fees for the plaintiffs' counsel.

  2. September 08, 2022

    Robinhood's $9.9M Deal To End Suit Over Outages Flickers

    A California federal judge refused Thursday to preliminarily sign off on Robinhood's $9.9 million deal to end proposed class claims over the stock-trading app's repeated service outages, saying he needs more information on how much an average user would receive and he wants the "ridiculous" $400,000 estimated administration costs reduced.

  3. August 08, 2022

    Robinhood Inks $9.9M Deal To End Users' Outage Claims

    Stock-trading app Robinhood has agreed to pay $9.9 million in cash to a proposed class of users suing over repeated service outages, according to documents filed in California federal court Monday.

  4. May 27, 2022

    Robinhood Reaches Deal With Customers In Outage Suit

    Robinhood has reached an agreement in principle with customers suing over repeated service outages, according to a notice filed in California federal court Thursday.

  5. March 14, 2022

    Judge Orders Expert 'Hot Tub' In Robinhood Outage Suit

    A California federal judge has ordered experts from both sides in a proposed class action against Robinhood over repeated service outages to meet in June for a concurrent evidentiary hearing otherwise known as a "hot tub."

  6. February 24, 2022

    Robinhood Outage Fight Splashes Toward Expert 'Hot Tub'

    A California federal judge overseeing a proposed class action against stock trading platform Robinhood over repeated service outages told the parties Thursday he wants to resolve questions about who should be in the class via a "hot tub with your experts" — a process of concurrently questioning them.

  7. October 26, 2021

    Robinhood Traders Bid For Class Cert. In App Outage Case

    Robinhood users are seeking certification for a class of nearly 7 million fellow account holders in litigation over repeated service outages the popular brokerage experienced amid volatile market conditions in the spring of 2020.

  8. February 18, 2021

    Robinhood Can't Ditch Online Traders' Suit Over Outages

    A California federal judge refused Thursday to toss outright a proposed class action alleging that Robinhood's repeated service outages amid volatile market conditions harmed retail stock traders, finding that traders sufficiently alleged that they had been harmed by outages Robinhood has admitted are a problem and directing the parties to enter mediation.

  9. January 03, 2021

    Fintech Litigation To Watch In 2021

    Economic tumult in 2020 resulting from the coronavirus pandemic drove the adoption of fintech and prompted additional scrutiny of the burgeoning sector. These rapid-fire fintech developments, combined with the coming changing of the guard in Washington and a potentially new enforcement framework, will inform both enforcement cases and private litigation in 2021, attorneys told Law360.

  10. October 20, 2020

    Robinhood Outage Case Returned To Calif. State Court

    A California federal judge has ruled that one of several lawsuits filed against the stock trading app Robinhood over a series of March service outages wasn't brought in connection with securities laws and shouldn't have been removed from state court.

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