NEW YORK, January 20, 2022 /PRNewswire/ — The following statement is issued by Levi & Korsinsky, LLP:
AT: All persons or entities who have purchased or otherwise acquired Robinhood Markets, Inc. (“Robinhood” or the “Company”) (NASDAQ: HOOD) shares in accordance with and/or traceable to initial public offering (“IPO”) made in July 2021. You are hereby notified that a securities class action has been commenced in United States District Court for the Northern District of California. For more information, visit:
or contact Joseph E. Levi, Esq. either by email at [email protected] or by phone at (212) 363-7500. There is no cost or obligation for you.
Robinhood Markets, Inc. NEWS – HOOD NEWS
CASE DETAILS: According to the lawsuit, the documents the company released in connection with its IPO contained materially inaccurate, misleading and/or incomplete statements because they did not disclose that at the time of the IPO, revenue growth of Robinhood was experiencing a major reversal. , with transaction-based revenue from cryptocurrency trading serving only as a transitory short-term injection masking what was effectively stagnant growth. Further, the company’s “significant investments” in improving the reliability and scalability of its platform were grossly inadequate and/or flawed, exposing Robinhood to further service level disruptions and breaches. security, especially as the company expanded its services to a wider user base. .
WHAT THIS MEANS FOR SHAREHOLDERS: If you have suffered a loss on your Robinhood shares, you have until February 15, 2022 ask the court to appoint you as the main plaintiff. Your ability to participate in any collection does not require you to serve as the lead plaintiff.
AT NO CHARGE TO YOU: If you have purchased Robinhood shares in accordance with and/or traceable to July 2021 initial public offering, you may be entitled to compensation without payment of any disbursements or fees.
PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://www.zlk.com/pslra-1/robinhood-markets-inc-loss-submission-form?wire=4 or call 212-363-7500 to discuss the case with Joseph E. Levi, Esq.
WHY LEVI AND KORSINSKY: Levi & Korsinsky have a proven track record of winning cases worth hundreds of millions of dollars to shareholders over a 20-year period. We represent and fight for shareholders who have been wronged by corporations.
Levi & Korsinsky is a nationally recognized firm with offices in New York, California, Connecticutand washington d.c. The founding partners of the firm, Joseph Levi and Edouard Korsinski, have represented shareholders and institutional clients for nearly 20 years and have achieved outstanding results for clients in the United States and internationally. The company, which has more than 70 employees, is committed to fostering, cultivating and preserving a culture of diversity, equity and inclusion for employees and those we represent. Our attorneys have extensive expertise in representing investors in securities litigation with a history of recovering hundreds of millions of dollars in cases. Levi & Korsinsky has been ranked in Institutional Shareholder Services’ (“ISS”) SCAS Top 50 report for 7 consecutive years as one of the top securities litigation firms in United States. The SCAS Top 50 report identifies the leading securities law firms for plaintiffs in the country, and year after year, ISS has recognized Levi & Korsinsky as a leading firm in the field of securities class action lawsuits.
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
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