Investor Alert: Robinhood Markets, Inc.

Posted on November 27, 2021Comments Off on Investor Alert: Robinhood Markets, Inc.

ROBINHOOD INVESTIGATION CONTINUED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Continues to Investigate the Officers and Directors of Robinhood Markets, Inc. – HOOD

NEW ORLEANS, LA (STL.News) Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF continues its investigation into Robinhood Markets, Inc. (NasdaqGS: HOOD).

On November 8, 2021, the Company disclosed that it had experienced a “data security incident” on November 3rd in which hackers were able to gain access to some personal information for roughly 7 million users and subsequently “demanded an extortion payment.”

KSF’s investigation focuses on whether Robinhood’s officers or directors breached their fiduciary duties to Robinhood’s shareholders or otherwise violated state or federal laws.

If you have information that would assist KSF in its investigation or have been a long-term holder of Robinhood shares and would like to discuss your legal rights, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com), or visit https://www.ksfcounsel.com/cases/nasdaqgs-hood/ to learn more.

About Kahn Swick & Foti, LLC

KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s premier boutique securities litigation law firms.  KSF serves various clients – including public institutional investors, hedge funds, money managers, and retail investors – in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies.  KSF has offices in New York, California, Louisiana, and New Jersey.

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