NEW ORLEANS–(Business WIRE)–Former Lawyer Normal of Louisiana, Charles C. Foti, Jr., Esq., a spouse at the legislation agency of Kahn Swick & Foti, LLC (“KSF”), announces that KSF continues its investigation into Robinhood Markets, Inc. (NasdaqGS: HOOD).
During its July 2021 First Public Giving (IPO), the Enterprise touted its considerable growth, good quality execution, higher stability expectations, and determination to giving buyers with a highly available and risk-free buying and selling practical experience. In Oct 2021, the Firm disclosed a variety of unfavorable financial and operational benefits, masking the same period that its IPO was held, which includes declines in overall web profits, month to month lively users, funded accounts, assets under custody, and regular income for every person, amid other issues. Then, on November 8, 2021, the Company disclosed that it had seasoned a “data protection incident” on November 3rd in which hackers were capable to acquire accessibility to specific personalized info of roughly 7 million end users.
KSF’s investigation is concentrating on regardless of whether Robinhood’s officers and/or administrators breached their fiduciary responsibilities to Robinhood’s shareholders or otherwise violated point out or federal legislation.
If you have info that would guide KSF in its investigation, or have been a extensive-time period holder of Robinhood shares and would like to explore your authorized legal rights, you could, without the need of obligation or expense to you, phone toll-free of charge at 1-877-515-1850 or electronic mail KSF Handling Lover Lewis Kahn ([email protected]), or go to https://www.ksfcounsel.com/cases/nasdaqgs-hood/ to master far more.
About Kahn Swick & Foti, LLC
KSF, whose associates involve former Louisiana Legal professional Standard Charles C. Foti, Jr., is a person of the nation’s leading boutique securities litigation legislation corporations. KSF serves a wide variety of clientele – like public institutional investors, hedge resources, income professionals and retail traders – in searching for recoveries for investment decision losses emanating from corporate fraud or malfeasance by publicly traded businesses. KSF has places of work in New York, California, Louisiana and New Jersey.
To master far more about KSF, you may possibly stop by www.ksfcounsel.com.
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Lover