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NEW ORLEANS–(BUSINESS WIRE)–Former Lawyer Basic of Louisiana, Charles C. Foti, Jr., Esq., a accomplice on the regulation agency of Kahn Swick & Foti, LLC (“KSF”), declares that KSF continues its investigation into Robinhood Markets, Inc. (NasdaqGS: HOOD).
Throughout its July 2021 Preliminary Public Providing (IPO), the Firm touted its important progress, high quality execution, excessive safety requirements, and dedication to offering customers with a extremely accessible and protected buying and selling expertise. In October 2021, the Firm disclosed a variety of adverse monetary and operational outcomes, overlaying the identical interval that its IPO was held, together with declines in whole web income, month-to-month lively customers, funded accounts, belongings underneath custody, and common income per person, amongst different issues. Then, on November 8, 2021, the Firm disclosed that it had skilled a “knowledge safety incident” on November third through which hackers have been in a position to acquire entry to sure private data of roughly 7 million customers.
KSF’s investigation is specializing in whether or not Robinhood’s officers and/or administrators breached their fiduciary duties to Robinhood’s shareholders or in any other case violated state or federal legal guidelines.
When you’ve got data that may help KSF in its investigation, or have been a long-term holder of Robinhood shares and wish to talk about your authorized rights, you might, with out obligation or price to you, name toll-free at 1-877-515-1850 or e-mail KSF Managing Companion Lewis Kahn (lewis.kahn@ksfcounsel.com), or go to https://www.ksfcounsel.com/circumstances/nasdaqgs-hood/ to study extra.
About Kahn Swick & Foti, LLC
KSF, whose companions embrace former Louisiana Lawyer Basic Charles C. Foti, Jr., is likely one of the nation’s premier boutique securities litigation regulation corporations. KSF serves quite a lot of shoppers – together with public institutional traders, hedge funds, cash managers and retail traders – in looking for recoveries for funding losses emanating from company fraud or malfeasance by publicly traded firms. KSF has places of work in New York, California, Louisiana and New Jersey.
To study extra about KSF, you might go to www.ksfcounsel.com.
Contacts
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Companion
lewis.kahn@ksfcounsel.com
1-877-515-1850
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