In re Robinhood Outage Litigation
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA IN RE ROBINHOOD OUTAGE Master File No. 20-cv-01626-JD
LITIGATION
7 8 9
STANLEY WITHOUSKI, Case No. 20-cv-03550-JD Plaintiff, 12 v. ORDER RE REMAND 13 Re: Dkt. No. 121 ROBINHOOD FINANCIAL LLC, et al., Defendants.
16 This case is one of several actions against defendants Robinhood Financial LLC, Robinhood Markets, Inc., and Robinhood Securities, LLC (Robinhood), that the Court related and consolidated. See Dkt. No. 19 (consolidation order). Robinhood is an online brokerage and securities trading platform that features commission-free investing. On March 2 and 3, 2020, Robinhood’s systems crashed, which prevented users from accessing their accounts to buy or sell securities. The consolidated cases allege damages from the systems outage. Plaintiff Withouski originally filed this putative class action in the California Superior Court for the County of San Mateo. Dkt. No. 1 at ECF p. 10. He alleged California state law claims on behalf of a…