EKO has filed a class action lawsuit against FinTech giant Robinhood related to a 2020 data breach that resulted in thousands of Robinhood customers’ accounts being hacked leading to millions of dollars in losses.
The lawsuit, brought on behalf of all Robinhood customers who were victims of unauthorized use between January 1, 2020 to the present, alleges that Robinhood was negligent by failing to provide better data security protocols and in its handling of the breach, including by failing to alert customers in a timely fashion and by refusing to reimburse customers for their losses despite promising to do so. It also claims Robinhood violated the California Consumer Privacy Act, Customer Records Act, and California consumer protection laws, among others.
EKO is continuing to investigate. If you were a victim of unauthorized use of your Robinhood account, or have information about this case, please contact one of the attorneys at EKO.
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