• Closed to New Clients
  • Securities
  • February 24, 2021

Losses Due to Robinhood’s Trading Restrictions?

You May Be Entitled to Compensation.

  • Robinhood users who suffered losses should sign up.
  • All claims are backed by Labaton Keller Sucharow, a national law firm that has recouped over $25 Billion for people like you.
If you are a Robinhood trader who suffered losses in GME, AMC, BB, BBBY, NOK, NAKD, KOSS, or EXPR after Robinhood’s decision to restrict trading in those stocks, sign up now to protect your rights through FINRA arbitration.
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Please remember:

This content is for your information only and is not legal advice. We are not your lawyers until you sign an attorney-client agreement with us. All information provided by you is confidential and will only be used for your case.

Frequently asked questions

TOPICS
  • General FAQ
What is this case about?

If you are a Robinhood trader who suffered losses in GME, AMC, BB, BBBY, NOK, NAKD, KOSS, or EXPR after Robinhood’s decision to restrict trading in those stocks, sign up now to protect your rights through FINRA arbitration.

You may have been one of many individual traders using Robinhood to buy Gamestop and other stocks during January 2021. During the week of January 25, the price of Gamestop stock increased over 200% due to a large number of people buying the stock, and other stocks saw similar increases. On January 28, Robinhood announced it was restricting its traders from opening new positions in Gamestop, AMC, Nokia and other stocks. It allowed its customers to sell their positions only and closed other positions without warning. After Robinhood’s announcement, the prices of Gamestop, AMC, and many other stocks Robinhood restricted plummeted.

If you were using Robinhood to trade Gamestop or other stocks, you may qualify for this case. Sign up now to begin the process.

Who can qualify for this case?
If you are a Robinhood trader who held stocks or options in any of GME, AMC, BB, BBBY, NOK, NAKD, KOSS, or EXPR on January 27 and your position declined, you qualify. You can qualify if you lost money overall in those securities, if you made a profit, or if you are still holding, so long as you held any of these positions on January 27.
Do I need a Robinhood account to qualify?
Yes, you need to have a Robinhood account and have suffered losses in the stocks on Robinhood to be able to qualify for this case.
Once I sign up, how does the process work?
Once you sign up, you'll be asked to sign our attorney-client agreement. That allows us to investigate your private FINRA arbitration claim. Then, log in to your secure client portal. All information is strictly privileged and confidential and will only be used for your claim. Answer a few more questions, upload a few documents, and we’ll take it from there. We’ll analyze your claim and your losses, negotiate with the company, and, if necessary, pursue your claim in arbitration.
How much did I need to lose to qualify?
During sign up, you should accurately state how much you think you have lost due to Robinhood's conduct so we can better advise you about your legal rights. There is no bar to signing up based on how much you lost. However, you need to have suffered losses, or a decrease in the value of your positions, on Robinhood.
Is this a class action?
No. Neither Labaton Sucharow, Dimond Kaplan, or Levin Law are affiliated with any of the existing class actions against Robinhood related to Gamestop trading restrictions. If you sign up with us, you will have an individual claim that will be evaluated based on your own circumstances.

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