Robinhood settles data breach class action for $20M

Lauren Silva  and Abraham Jewett report a settlement in Robinhood class-action litigation.

  • Robinhood agreed to pay as much as $20 million to resolve claims the stock trading platform failed to prevent a 2020 data breach.
  • The settlement will provide thousands of hacked Robinhood customers with both compensation and two years of credit monitoring and identity theft protection services.

Read more at Top Class Actions

The Robinhood Data Breach Class Action Lawsuit is Siddharth Mehta v. Robinhood Financial LLC, Case No. 5:21-cv-01013-SVK, in the U.S. District Court for the Northern District of California.

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