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Golubowski v. Robinhood Markets, Inc. et al
Case Number:
3:21-cv-09767
See also:
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
- Conrad Metlitzky
- Cravath Swaine
- Glancy Prongay
- Johnson Fistel
- Levi & Korsinsky
- Orrick Herrington
- Pomerantz LLP
Companies
- Academy Securities Inc.
- Barclays PLC
- BMO Capital Markets Corp.
- BTIG LLC
- JMP Group Inc.
- Loop Capital Markets LLC
- Mizuho Securities Co. Ltd.
- Piper Sandler Cos.
- Robinhood Markets Inc.
- Rosenblatt Securities Inc.
- Santander Investment Securities Inc.
- Siebert Williams Shank & Co. LLC
- The Goldman Sachs Group Inc.
- Wells Fargo & Co.
Sectors & Industries:
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January 25, 2024
Robinhood Beats Investor Suit Over $2.1B IPO For Good
A California federal judge has permanently tossed an investor suit against Robinhood Markets Inc. over its $2.1 billion initial public offering, finding that the latest complaint wasn't enough to show the exchange failed to inform investors about the extent to which the trading of cryptocurrency and "meme stocks" fueled the firm's strong financials ahead of its stock market debut.
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November 21, 2023
Meme Frenzy 'No Secret' Before Robinhood's IPO, Judge Says
A California federal judge appeared skeptical Tuesday of keeping alive a proposed securities class action alleging Robinhood Markets Inc. hid how a "meme stock" and crypto trading frenzy overstated its financial outlook in the lead-up to its $2.1 billion initial public offering, saying those trends "were no secret" at the time.
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July 11, 2023
Investors Fight Robinhood's Bid To End Suit Over $2.1B IPO
Investors in trading and investing app Robinhood have doubled down on claims that the company misrepresented key financial metrics affecting its bottom line in the lead-up to its $2.1 billion initial public offering in July 2021, asking a San Francisco federal judge to deny the company's bid to see the suit dismissed.
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May 15, 2023
Robinhood Seeks Final End To Investor Suit Over $2.1B IPO
Financial trading platform Robinhood urged a California federal judge Friday to dismiss for good investors' third attempt at alleging the company misled investors ahead of its $2.1 billion initial public offering, saying it disclosed the potential risks of cryptocurrencies and the 2021 meme stock frenzy.
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February 10, 2023
Robinhood Beats Investor Suit Over $2.1B IPO, For Now
A federal district court on Friday threw out a proposed class action accusing app-based trading platform Robinhood Markets Inc. of misleading investors ahead of its initial public offering, saying there isn't sufficient proof that the company hid information about its shrinking user base.
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October 17, 2022
Robinhood $2.1B IPO Suit Should Be Kept Alive, Investors Say
A proposed class of Robinhood investors has urged a California federal judge to keep alive its suit accusing the stock-trading app of misleading investors in the run-up to its initial public offering last year, pushing back on the company's argument that it disclosed certain risks.
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August 19, 2022
Robinhood Seeks To Nix Investor Suit Over Its $2.1B IPO
A proposed class of Robinhood investors can't claim the company misled investors in the run-up to its initial public offering last year because it thoroughly disclosed the risks, the fintech heavyweight told a California federal court.