Radnor, Pennsylvania, January 8, 2022 (Universal News Agency) – Kessler Topaz Meltzer & Check, LLP Investors are notified that the U.S. District Court for the Northern District of California has filed a securities class action against Robinhood Markets, Inc. (“Robinhood”). (Nasdaq:hood). The lawsuit accuses Robinhood of violating federal securities laws, including omissions and fraudulent misrepresentations related to the company’s business, operations, and prospects. Due to Robinhood’s material misleading statements to the public, Robinhood investors suffered heavy losses.
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Deadline for lead plaintiff: February 15, 2022
class time: July 30, 2021 to December 17, 2021
Contact a lawyer to discuss your rights:
James Marlow, Esq. (484) 270-1453 or toll free (844) 887-9500 or email to [email protected]
Robin Hood Suspected misconduct
Robinhood, headquartered in Menlo Park, California, is a financial services company that operates a mobile application that provides commission-free stock trading and allows users to invest in stocks, exchange-traded funds, and cryptocurrencies.
On July 30, 2021, Robinhood conducted an initial public offering (“IPO”) and issued 55 million shares at a price of $38 per share, with expected earnings of more than $2 billion. Then, on October 26, 2021, Robinhood announced its financial results for the third quarter of 2021. The report shows that Robinhood’s total net…