💹Twenty Million Dollars Robinhood® App Class Action Settlement
A Twenty Million Class Action Lawsuit has been settled with Robinhood, popular trading and investment platform that can be used as a smartphone app, or online.
The Robinhood class action lawsuit alleged that Robinhood did not take proper steps and have data security precautions, which led to account takeovers or user accounts being hacked. By lacking security protocols to protect their users, the Robinhood app exposed users to data breaches of their personally identifiable information from multiple data breaches, according to court documents.
You may be a Class Member in a proposed Class Action Settlement and qualify for a cash reward if your Robinhood account was accessed by an unauthorized user.
If this occurred between January 1, 2022 and April 27, 2022, you may eligible to file a claim form on the Robinhood class action settlement claims administration website.
Robinhood customers in the United States can file claims for up to $260. The claims are for the following items:
• Up to $60 ($20 per hour for up to 3 hours) per person for time spent resolving issues from Robinhood's security defects;
• Up to $100 per person as reimbursement for the purchase of identity theft protection or other services like credit monitoring;
• Up to $100 for losses from out-of-pocket expenses due to breaches in the Robinhood app.
You may qualify for a cash reward in the Robinhood class action settlement if your account was one of the 40,000 Robinhood accounts that were breached by unauthorized and unauthenticated users.