For reprint rights or to purchase a copy of your Daily Journal photo, email Jeremy_Ellis@dailyjournal.com for prices or call 213-229-5424.

To buy more copies, call 866-531-1492 or email subscribe@dailyjournal.com
This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

Class Action

Aug. 29, 2025

Robinhood seeks dismissal of class action over cash sweep

Robinhood urged a San Francisco federal judge to dismiss investors' unfair business practices class action over its cash sweep program, arguing plaintiffs failed to show reliance on alleged misstatements or omissions.

Attorneys for the Robinhood stock trading app asked a federal judge in San Francisco to dismiss a proposed unfair business practices class action over the company's brokerage cash sweep program. The company also wants to bar the investor-plaintiffs from refiling the case because, "Plaintiffs cannot say they laid eyes on a single alleged misstatement."

The investors accuse Robinhood of misrepresenting the profitability of its "IntraFi Network Deposit Sweep Progra...

To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)

Already a subscriber?

Enewsletter Sign-up



By using our website, you agree to our use of cookies in accordance with our cookie policy. You can learn more about how we use cookies by reviewing our Privacy Policy here.