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Data Privacy

Aug. 16, 2022

Robinhood agrees to pay $19.5M to settle data breach claims

The deal will be submitted to U.S. Magistrate Judge Susan van Keulen on Aug. 23 for approval

Robinhood Financial LLC and a class of users who allegedly had their account data compromised in a 2020 breach will present a settlement agreement to U.S. Magistrate Judge Susan van Keulen on Aug. 23 for approval, according to a docket entry posted Monday.

Robinhood admitted no wrongdoing according to the proposed settlement.

Julie Erickson, Elizabeth Kramer and Kevin Osborne, partners at Erickson Kramer Osborne...

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