NEW YORK, Feb. 8, 2022 /PRNewswire/ -- The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Robinhood Markets, Inc. (NASDAQ: HOOD) alleging that the Company violated federal securities laws.
This lawsuit is on behalf of persons and entities that purchased or otherwise acquired Robinhood shares pursuant and/or traceable to the Company's initial public offering conducted in July 2021.
Lead Plaintiff Deadline: February 15, 2022
No obligation or cost to you.
Learn more about your recoverable losses in HOOD:
https://www.kleinstocklaw.com/pslra-1/robinhood-markets-inc-loss-submission-form?id=23405&from=4
Robinhood Markets, Inc. NEWS - HOOD NEWS
CLASS ACTION CASE DETAILS: According to the filed complaint, documents that the Company issued in connection with its IPO contained representations that were materially inaccurate, misleading, and/or incomplete because they failed to disclose that, at the time of the IPO, Robinhood's revenue growth was experiencing a major reversal, with transaction-based revenues from cryptocurrency trading serving only as a short-term, transitory injection, masking what was actually stagnating growth. In addition, the Company's "significant investments" in enhancing the reliability and scalability of its platform were patently inadequate and/or defective, exposing Robinhood to worsening service-level disruptions and security breaches, particularly as the Company scaled its services to a larger user base.
WHAT THIS MEANS TO YOU AS A SHAREHOLDER: If you have suffered a loss in Robinhood, you have until February 15, 2022 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you purchased Robinhood securities during the relevant period, you may be entitled to compensation without payment of any out-of-pocket fees.
HOW TO PROTECT YOUR FINANCIAL INTERESTS: For additional information about the HOOD lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click this link: https://www.kleinstocklaw.com/pslra-1/robinhood-markets-inc-loss-submission-form?id=23405&from=4.
ABOUT KLEIN LAW FIRM
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. The Klein Law Firm is a boutique litigation firm with experience in a wide range of areas including securities law, corporate finance and commercial litigation. Since 2011, our experienced attorneys have achieved superior results for our clients with a personalized focus. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
J. Klein, Esq.
Empire State Building
350 Fifth Avenue
59th Floor
New York, NY 10118
jk@kleinstocklaw.com
Telephone: (212) 616-4899
www.kleinstocklaw.com
View original content:https://www.prnewswire.com/news-releases/hood-alert-the-klein-law-firm-announces-a-lead-plaintiff-deadline-of-february-15-2022-in-the-class-action-filed-on-behalf-of-robinhood-markets-inc-shareholders-301476989.html
SOURCE The Klein Law Firm
