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Robinhood Order Flow Settlement

Up to $17.60

Last verified July 13, 2026Source: claimdepotHow ClaimWatch verifies cases

This settlement is closed to new claims — the deadline was July 13, 2026. You can still see what it was about and follow the case in court below. Looking for money you can still claim? Browse open settlements →

What happened

Robinhood allegedly routed customer market orders for equities in a manner that resulted in execution prices worse than the National Best Bid/Offer. Customers' buy orders were executed at prices higher than the best available offer, and sell orders were executed at prices lower than the best available bid. Robinhood denies all allegations of liability or wrongdoing.

Do you qualify?

All United States customers of Robinhood who placed one or more qualifying trades between September 1, 2016 and September 1, 2018. Qualifying trades are market orders to buy or sell equities routed during market hours and executed at worse prices than the National Best Bid/Offer at the time the order was routed, with aggregate differences greater than $5.00.

How to file

You must submit a valid Claim Form online or by mail by July 13, 2026 (or 60 days after final approval order, whichever is later) to receive payment if you don't have an active Robinhood account in good standing or wish to receive payment to a different financial institution. If you have an active account in good standing, you automatically receive a pro rata share without filing a claim.

Common questions

How much does the Robinhood Order Flow Settlement pay?
Estimated payout: Up to $17.60. The total settlement fund is $2M. Actual amounts depend on how many valid claims are filed — most settlements divide a fixed fund pro rata, so a higher claim rate means a smaller individual check. An "up to" figure is a cap, not a guarantee.
What is the claim deadline for the Robinhood Order Flow Settlement?
This settlement is closed to new claims — the deadline was July 13, 2026. Once a claim deadline passes you generally forfeit your share, even if you qualified.
Do I need proof of purchase for the Robinhood Order Flow Settlement?
Yes. This settlement asks for documentation supporting your claim — a receipt, an account record, or the notice you were sent. Check the official settlement website for exactly which documents are accepted.
Is the Robinhood Order Flow Settlement notice real, or a scam?
Kroll Settlement Administration LLC is the settlement administrator for this case. Claims are filed at robinhoodorderflowsettlement.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.
When will payments from the Robinhood Order Flow Settlement be sent?
Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. The final approval hearing for this case is set for May 5, 2026; no payments can be issued before a settlement receives final approval.

Who's involved

Plaintiffs

  • Jim A. Alers(Consol Plaintiff)
  • Ji Kwon
  • Justin William Lemon

Defendants

  • Robinhood Markets, Inc.
  • Robinhood Securities, LLC
  • Robinhood Financial LLC

Parties and counsel from the public court docket. Listing an attorney here isn't an endorsement, and ClaimWatch isn't affiliated with any of them.

New to class actions?

This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.

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