$9 Million Robinhood Referral Text Message Class Action Settlement

$9 Million Robinhood Referral Text Message Class Action Settlement

Open Class Action Settlement

Unsplash | Published: April 11, 2024

Claim Form Deadline: May 13, 2024

Payout: $45 to $90

Proof required: Yes

What is The $9 Million Robinhood Referral Text Message Class Action Settlement?

A $9 million class action settlement has been reached with Robinhood, a popular stock trading and investment platform, over allegations that they sent unsolicited text messages enticing users with potential referral bonuses. The class action lawsuit claims that Robinhood violated specific Washington State laws by sending unsolicited commercial text messages to those prospective customers that were referred as part of the referral marketing.

How Do I Qualify for a Payout?

To qualify for a payout from the Robinhood referral settlement you must meet the following requirements:

• Any person or entity that received a Robinhood refer-a-friend text message from August 9, 2017 to February 13, 2024 and,

• You must have been a Washington resident at the time that you received such a referral text message,

• You did not consent affirmatively in advance to receiving Robinhood refer-a-friend messages.

How Do I Find Class Action Settlements?

Find all the latest Class Action Settlements you can qualify for by getting notified of new lawsuits as soon as they are open to claims:

How Will The $9M Robinhood Settlement Fund Be Paid Out?

If the Settlement is approved and finalized, Settlement Class Members who choose not to exclude themselves from the Settlement Class and who submit a timely and valid Claim Form will receive a Settlement payment. After deducting settlement costs, attorneys' fees and expenses awarded by the Court, and any service awards granted to the Class Representatives, the settlement fund will be distributed to all Settlement Class Members who submit timely and valid Claim Forms. Class Counsel estimates that Settlement payments will be in the range of $45 to $90 per Settlement Class Member, although the actual amount may vary depending on the number of valid Claim Forms received.

To receive a Settlement payment, Settlement Class Members must complete and submit a Claim Form by May 13, 2024. The Claim Form allows Settlement Class Members to choose the method of payment, including paper checks, Venmo, PayPal, etc.

For any uncashed Settlement payments or payments deemed undeliverable by the Settlement Administrator, the funds will be distributed in one or both of the following ways:
• A pro rata second distribution to those Settlement Class Members who cashed or received their initial Settlement payments (if there are enough remaining funds to cover the administrative costs of such distribution); and/or

• Distribution to the Legal Foundation of Washington.

How do I file a claim?

To qualify for a payment from the Robinhood text messaging class action settlement you must file a claim form online by May 13, 2024 and either provide the phone number for which you received a referral text message, or provide a "Claims Code" you may have received as a notice for this class action by mail or email.

Claim Form Website: RobinhoodReferralSettlement.com

Submit Claim

Filing Class Action Settlement Claims

Please note that your claim form will be rejected if you submit a settlement claim for payout with any fraudulent information. By providing this information and your sworn statement of its veracity, you agree to do so under the penalty of perjury. You would also be harming others that actually qualify for the class action settlement. If you are not sure whether or not you qualify for this class action settlement, visit the class action administrator's website below. OpenClassActions.com is only providing information and is not a class action administrator or a law firm. OpenClassActions is a participant in the Amazon affiliate advertising program and this post may contain affiliate links, which means we may earn a commission or fees if you make a purchase via those links.
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