Robinhood Agrees to $9 Million Settlement Over Unsolicited Text Messages

Quick Summary:

The settlement resolves claims against Robinhood related to the referral program's text messages sent between August 2017 and February 2024.

When the recipients clicked on the referral link and signed up, both the referrer and the new user would receive a reward in the form of free stock.

The notice plan approved by the court reached 96% of the identified settlement class members, with over 51,000 claims submitted.

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Article Details

Author / Journalist: Sebastian Sinclair

Category: Crypto

Markets: Estonia

Topics: Robinhood Law and Order Lawsuits Lawsuit Class action Washington state

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 04:07:09 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 469 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 21669950

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 1 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 1 days ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

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