Robinhood IPO Disclosure Class Action
Robinhood · Robinhood initial public offering · Ongoing Litigation
About this case
Investors who purchased Robinhood shares in connection with the company's 2021 initial public offering allege that Robinhood failed to adequately disclose risks related to declining meme-stock and cryptocurrency trading activity and its potential effect on business performance. The proposed Securities Act class action was reinstated by a lower court, and the U.S. Supreme Court is considering Robinhood's appeal after requesting the federal government's views on whether to hear the case; the litigation is ongoing.
Case overview
- Defendant company
- Robinhood
- Product or service
- Robinhood initial public offering
- Court case number
- 3:21-cv-09767-EMC
- Case status
- Ongoing Litigation
- Lawsuit type
- Securities
- Reported harm
- Misrepresentation
Participation information
Availability is based on each listed participation option and its deadline.
No active participation options are currently listed.
This information does not determine whether you qualify for a case.
Sources
Public reporting associated with this case.
- Robinhood IPO Disclosure Class Action
Reuters ·
- Robinhood IPO Investor Disclosure Class Action
Yahoo! Finance ·