Robinhood Fails to Shake California Consumer Privacy Act Claims

Robinhood Financial LLC and Robinhood Securities LLC must face claims they violated the California Consumer Privacy Act after a California federal judge found the plaintiffs had adequately alleged that a breach occurred.

The stock trading app company must also face claims it acted negligently and violated users’ constitutional right to privacy by failing to guard against the breach, Magistrate Judge Susan van Keulen wrote in an order filed Wednesday in the U.S. District Court for the Northern District of California.

Attorneys representing Robinhood didn’t immediately respond to a request for comment.

Robinhood was slapped with a class action lawsuit in ...