Robinhood has settled a long-running class-action lawsuit in Washington that involved unsolicited text spamming via its ‘refer-a-friend’ program.
A United States federal judge has approved a $9 million settlement in a class-action lawsuit against the crypto and stock trading platform Robinhood.
On July 17, Robinhood Financial LLC was ordered to pay $9 million to settle a lawsuit regarding its “refer-a-friend” program which enabled the sending of unsolicited text messages in Washington.
Judge Barbara Rothstein of the US District Court for the Western District of Washington agreed with the plaintiff's motion that this violated the state’s consumer protection laws.
