Law Practice,
Civil Litigation
Apr. 14, 2021
Robinhood class action lead counsel appointed
While she approved the lead plaintiff’s motion to group the lawsuits and appoint her favored counsel, U.S. District Judge Yvonne Gonzalez Rogers indicated she’s concerned the leadership structure is “too top-heavy and may result in extra fees and costs.”
A federal judge in Oakland has consolidated five class actions accusing Robinhood of illegally taking advantage of unsophisticated investors by failing to disclose payments for order flow. She appointed Ahdoot & Wolfson, PC, Bursor & Fisher PA, and Liddle & Dubin PC to lead the litigation.
While she approved on Monday lead plaintiff Ji Kwon's motion to group the lawsuits and appoint her favored counsel, U.S. District Ju...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In
Enewsletter Sign-up
Related Content
Data Privacy, Civil Litigation
Robinhood security breach case moves forward
By Winston Cho
Technology, Civil Litigation
Robinhood says lawsuits over stock transactions are securities actions
By Gina Kim
Securities, Administrative/Regulatory
Will the SEC expand the definition of a pump-and-dump?
By Paul A. Reynolds
Civil Litigation
Judge won’t dismiss suit against Robinhood over earlier outages
By Winston Cho
