Jun. 16, 2023
Robinhood’s $9.9M deal with ousted traders approved
The 30% fee request by plaintiffs’ counsel was a higher rate than the judge usually grants. Plaintiffs’ attorney Anne M. Murphy of Cotchett Pitre & McCarthy LLMurphy attributed this to how novel the case was and how much time counsel spent on it.
Robinhood Markets Inc. and its customers obtained final approval for their $9.9 million settlement agreement Thursday, resolving a legal battle over investors’ losses from outages on the trading platform in March 2020.
U.S. District Judge James Donato in San Francisco approved the agreement, overruling two objectors.
Anne M. Murphy, Mark C. Molumphy and Tyson C. Redenbarger of Cotchett Pitre & McCarthy LLP ...
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