Investigation – Robinhood Markets, Inc.

Posted on December 11, 2021Comments Off on Investigation – 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 is focusing on whether Robinhood’s officers and/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 ([email protected]), 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 a variety of 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.

SOURCE: Kahn Swick & Foti via PRNewswire

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Comments Off on Investigation – Robinhood Markets, Inc.