Important Update for Robinhood Account Holders
If you were a customer of Robinhood Financial LLC between
September 1, 2016, and
September 1, 2018, important developments concerning your rights are unfolding. The
Kroll Settlement Administration has issued a notice regarding the
In re Robinhood Order Flow Litigation that may impact you directly.
Who Is Affected?
This settlement pertains to U.S. customers of Robinhood who executed trades during the specified period. Notably, if you placed market orders to buy or sell equities that were processed at rates unfavorable compared to market conditions, you may be eligible for compensation. The litigation relates to trades where:
- - Orders were executed at prices that did not meet the National Best Offer or Bid at the time they were routed.
- - The total difference in execution fees for these trades exceeded $5.00.
What is the Settlement About?
The proposed settlement amounts to
$2,000,000. A court hearing is scheduled for
May 5, 2026, at
2:00 PM PT in Oakland, California. During this hearing, the judge will decide whether to approve the settlement as fair and reasonable, and if so, how the funds will be allocated among eligible account holders.
How Can You Claim Your Share?
For those identified as members of the settlement class, compensation will be distributed automatically if you maintain an active Robinhood account in good standing. If your account is inactive, you must submit a
Proof of Claim by
July 13, 2026, or within
60 days of a final approval order, whichever is later. Failing to submit could lead to the forfeiture of any recovery from the settlement.
Important Deadlines and Actions
- - Proof of Claim Submission: July 13, 2026, or 60 days post-final approval order. Late submissions will be rejected.
- - Request for Exclusion: If you wish to opt-out of the settlement, your request must be postmarked by March 30, 2026.
- - Objection Deadline: Any objections to the settlement must also be filed by March 30, 2026.
Additional Information
To learn more about your rights and view the official notice, you can visit
RobinhoodOrderFlowSettlement.com. This website provides comprehensive information about the settlement process, details on how to claim your share, and instructions for submitting objections or requests for exclusion.
Stay informed and proactive regarding your financial rights—this upcoming settlement could potentially benefit you significantly if you participated in trading through Robinhood during the relevant period. Be sure to mark your calendars for critical deadlines related to this case.