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.
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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:
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Download for iPhone Download for AndroidThe current deadline to file a claim is Jul 13, 2026. Note: claims sent by mail must be postmarked by this date, and Class Action Buddy ships claim forms with a 7-day mailing buffer to ensure on-time delivery.
The maximum payout per eligible claimant is up to $17.60. Actual payments may be lower depending on the total number of valid claims filed and the available settlement fund.
Yes — this settlement requires proof of purchase. Acceptable proof typically includes receipts, credit card statements, photos of the product, or order confirmation emails. Check the official claim form for specifics.
You have two options: (1) Use the free Class Action Buddy mobile app — set up your profile once and the app auto-fills the PDF claim form, captures your signature, and submits the claim by mail on your behalf. (2) File directly with the settlement administrator using the official claim form linked on this page.
Robinhood 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.
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