Important Update:  In September 2024, Settlement benefits began issuing to Settlement Class Members who filed timely and valid claims.

If you received a Robinhood referral text message while residing in Washington, you may be entitled to payment in a class action settlement.

• A Settlement has been proposed to end a class action lawsuit against Robinhood Financial, LLC (“Defendant” or “Robinhood”), known as Moore v. Robinhood Financial LLC, No. 2:21‐cv‐01571‐BJR (W.D. Wash.) (the “Lawsuit”). The Lawsuit alleges that Robinhood violated Washington law by substantially assisting in the transmission of unsolicited commercial text messages to prospective customers as part of its refer-a-friend marketing program.
• Defendant denies any wrongdoing. Defendant claims it has abided by all state and federal laws, and that the Lawsuit is not well grounded in law or fact. As part of the proposed Settlement, Defendant does not admit to any wrongdoing, maintains its compliance with the law, and continues to deny the allegations against it.
• The parties in the Lawsuit have agreed to resolve the Lawsuit on a class action basis. As described further below, Robinhood has paid $9 million to fully and finally resolve the claims of the Settlement Class. The Settlement Class includes all persons or entities who received a Robinhood referral program text message between August 9, 2017 and February 13, 2024; were a Washington resident at the time of the receipt of such text message; and did not clearly and affirmatively consent in advance to receive the Robinhood referral program text message.
• The Court held a Final Approval Hearing on July 16, 2024 and granted Final Approval of the Settlement. You have been issued a payment if (1) you are a member of the Settlement Class; and (2) you filed a valid Claim Form before May‎ ‎13‎, ‎2024. Even if you did not file a Claim Form, your rights will be affected if you are a member of the Settlement Class and you did not exclude yourself from the Settlement. Settlements payments began issuing in September 2024.