LOS ANGELESâ (BUSINESS WIRE) –$ CACHE #CAPUCHE–Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Robinhood Markets, Inc. (âRobinhoodâ or âthe Companyâ) (NASDAQ: HOOD) for violating federal securities laws.
Investors who have purchased shares of the Company as part of the Company’s initial public offering made in July 2021 (the âInitial Public Offeringâ) and / or resulting therefrom are invited to contact the Company before the 15th February 2022.
If you are a shareholder who has suffered a loss, Click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm’s website at www.schallfirm.com, or by email at [email protected]
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by legal counsel. If you choose not to take any action, you can remain an absent member of the group.
According to the complaint, the company made false and misleading statements to the market. Robinhood suffered from major revenue growth issues around the time of the IPO, with its touted transaction-based income from cryptocurrency trading providing only a temporary boost to otherwise stable growth. The company’s supposed âsignificant investmentsâ in infrastructure reliability and growth were below average, creating the possibility of downtime and cybersecurity failures. Based on these facts, the company’s public statements were false and misleading throughout the IPO period. When the market learned the truth about Robinhood, investors suffered damage.
Join the case to recoup your losses.
Schall law firm represents investors around the world and specializes in securities class actions and shareholder rights litigation.
This press release may be considered an attorney’s advertisement in certain jurisdictions under applicable law and rules of professional conduct.
Schall Law Firm
Brian Schall, Esq.,