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California Law Firms Representing Robinhood Clients File Amended Complaint and Launch Website to Facilitate Screening and Onboarding of Damaged Retail Investors
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LOS ANGELES, Feb. 8, 2021 /PRNewswire/ Pessah Law Group, PC (PLG) and Chelin Law Firm, two of the first California firms to institute a nationwide class action against Robinhood, recently filed an amended complaint alleging ten separate claims against the now infamous online brokerage.
The revised lawsuit takes aim at Robinhood s terms of service, which some legal experts and scholars stated gave the online brokerage broad latitude to disrupt user accounts and trading. But lawyers representing the class disagree, and maintain that Robinhood s terms are unconscionable, and thus unenforceable.