Moore v. Robinhood Financial LLC
Robinhood Referral Settlement
2:21-cv-01571-BJR

Welcome to the Robinhood Referral Settlement Website


Important Update:  In September 2024, Settlement benefits began issuing to Settlement Class Members who filed timely and valid claims.

If you received a Robinhood referral text message while residing in Washington, you may be entitled to payment in a class action settlement.

  • A Settlement has been proposed to end a class action lawsuit against Robinhood Financial, LLC (“Defendant” or “Robinhood”), known as Moore v. Robinhood Financial LLC, No. 2:21‐cv‐01571‐BJR (W.D. Wash.) (the “Lawsuit”). The Lawsuit alleges that Robinhood violated Washington law by substantially assisting in the transmission of unsolicited commercial text messages to prospective customers as part of its refer-a-friend marketing program.
  • Defendant denies any wrongdoing. Defendant claims it has abided by all state and federal laws, and that the Lawsuit is not well grounded in law or fact. As part of the proposed Settlement, Defendant does not admit to any wrongdoing, maintains its compliance with the law, and continues to deny the allegations against it.
  • The parties in the Lawsuit have agreed to resolve the Lawsuit on a class action basis. As described further below, Robinhood has paid $9 million to fully and finally resolve the claims of the Settlement Class. The Settlement Class includes all persons or entities who received a Robinhood referral program text message between August 9, 2017 and February 13, 2024; were a Washington resident at the time of the receipt of such text message; and did not clearly and affirmatively consent in advance to receive the Robinhood referral program text message.
  • The Court held a Final Approval Hearing on July 16, 2024 and granted Final Approval of the Settlement. You have been issued a payment if (1) you are a member of the Settlement Class; and (2) you filed a valid Claim Form before May‎ ‎13‎, ‎2024. Even if you did not file a Claim Form, your rights will be affected if you are a member of the Settlement Class and you did not exclude yourself from the Settlement. Settlements payments began issuing in September 2024.

 

YOUR LEGAL RIGHTS AND OPTIONS

File a Claim by
May‎ ‎13‎, ‎2024
to Receive
Payment 
(Passed)

If you are a member of the Settlement Class, you had a right to complete a Claim Form to receive a Settlement payment, estimated to be between $45 and $90 per Settlement Class Member that filed a timely and valid Claim Form. The deadline to file a Claim Form passed on May 13, 2024.

If your Claim Form is approved, you give up your right to bring your own lawsuit about the issues in this Lawsuit.

Do Nothing

If you did nothing, you did not receive a Settlement payment. You gave up your right to bring your own lawsuit about the issues in this Lawsuit. See FAQ 26.

Exclude Yourself by
May 13, 2024 
(Passed)

If you excluded yourself from the Settlement (also called “opting out”), you gave up your right to receive a Settlement payment, but you keep any rights you may have to bring your own lawsuit about the issues in this Lawsuit. See FAQ 25. The deadline to exclude yourself from the Class passed on May 13, 2024.

Object or Comment by May 13, 2024 (Passed)

If you are a member of the Settlement Class and did not exclude yourself from the Settlement, you could have objected to or commented about the Settlement and/or Class Counsel’s request for attorneys’ fees, expenses, and service awards to the Class Representatives. See FAQ 23. The deadline to object or comment passed on May 13, 2024.

For More Information

Visit this website often to get the most up-to-date information.

Mail
Robinhood Referral Settlement
c/o JND Legal Administration
PO Box 91166
Seattle, WA 98111