Robinhood Spam Text Class Action Lawsuit: Is It Legit?
Did you receive Robinhood Spam Text Class Action Lawsuit email? it’s not a scam.
Robinhood is settling for $9 million to put an end to claims that its referral program bombarded people in Washington with unwanted texts, even if they weren’t using the app. The consumers who filed the complaint are pushing for preliminary approval of the settlement. If you got a Robinhood Financial LLC referral text between August 9, 2017, and now, you might be part of the settlement class. The lawsuit said Robinhood broke Washington state laws on electronic mail and consumer protection.
Who Is Behind The Robinhood Spam Text Class Action Lawsuit
Cooper Moore’s taking Robinhood to court over what they’re calling a breach of marketing laws in Washington. The deal is, the person says they got a text message from Robinhood, asking them to refer a friend, and that’s a no-no under Washington’s rules for commercial texts.
Moore says that Robinhood, the online investment company, started a program called “Refer a Friend” to promote its products. They’re offering free stocks to users who bring in their friends.
How Much Is The Settlement
Robinhood settled for $9 million to resolve claims that its refer-a-friend program led to unwanted promotional texts for Washington residents who aren’t using the app. The plaintiff is asking for an injunction to stop this, plus damages of $500 for each illegal text, triple damages, and attorney fees. He estimates the total damages to be over $5 million.
Conclusion
In conclusion, Moore et al., v. Robinhood Financial LLC, Case No. 3:21-cv-06117-JCS is not a scam. Just like CFPB Discrimination $6M Settlement, The plaintiff is asking for an injunction to stop this, plus damages of $500 for each illegal text, triple damages, and attorney fees. He estimates the total damages to be over $5 million.
