Law Practice,
Civil Litigation
Apr. 14, 2021
Robinhood class action lead counsel appointed
While she approved the lead plaintiff’s motion to group the lawsuits and appoint her favored counsel, U.S. District Judge Yvonne Gonzalez Rogers indicated she’s concerned the leadership structure is “too top-heavy and may result in extra fees and costs.”
A federal judge in Oakland has consolidated five class actions accusing Robinhood of illegally taking advantage of unsophisticated investors by failing to disclose payments for order flow. She appointed Ahdoot & Wolfson, PC, Bursor & Fisher PA, and Liddle & Dubin PC to lead the litigation.
While she approved on Monday lead plaintiff Ji Kwon's motion to group the lawsuits and appoint her favored counsel, U.S. District Ju...
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