Robinhood has agreed to pay $2 million to settle a class action lawsuit alleging the brokerage app failed to properly execute market orders, resulting in customers receiving worse prices than the National Best Bid/Offer (NBBO).
The case, In re: Robinhood Order Flow Litigation (Case No. 4:20-cv-09328-YGR), was filed in the U.S. District Court for the Northern District of California. If you executed qualifying market orders on Robinhood between September 1, 2016, and September 1, 2018, where the aggregate price difference exceeded $5, you may be eligible for approximately $17.60.
You may be eligible to file a claim if you:
Average payment of approximately $17.60 per claimant. The $2 million pool distributes equally among eligible class members based on proportional calculated damages.
Filing your claim is quick and easy:
💡 Easier way: File with Class Action Buddy
Skip the paperwork. Our app auto-fills your claim form with your saved profile and submits it electronically in under 2 minutes.
Download for iPhone Download for AndroidRobinhood agreed to pay $2 million to settle claims that it failed to provide "best execution" for customer trades, potentially costing users money on their transactions.
Individual payout amounts haven't been announced yet. The $2 million total will be divided among all eligible class members who file valid claims.
The claim deadline has not been announced yet. Settlement details are still being finalized. Use Class Action Buddy to get notified when information becomes available.
We're adding new settlements regularly. Download the app to get notified when this one is available.
Download Class Action Buddy →We find new class action settlements every week. Get alerts so you never miss free money.
No spam. Unsubscribe anytime. We respect your privacy.