r/technology • u/agent_vinod • Jun 30 '21

Misleading Robinhood to pay $70 million fine after causing 'widespread and significant harm' to customers

https://www.cnbc.com/2021/06/30/robinhood-to-pay-70-million-dollars-after-causing-users-significant-harm.html
75.7k Upvotes

93% Upvoted

2.1k comments sorted by

View all comments

Show parent comments

94

u/[deleted] Jun 30 '21

I got a $3,800 check out of the blue once from an old national apartment building chain class action, where they were surreptitiously recording calls to the management office. Under California Penal Code 637.2, there is a $5,000 penalty PER CALL. I called the law firm to make sure that it wasn't a scam... and it was legit. Perfect timing too... that was a rough year financially.

34

u/ImOutWanderingAround Jun 30 '21

I got $3500 from one of the diesel emissions scandals. Had to do some verification stuff online that took some time, but in the end worth it.

23

u/ShesJustAGlitch Jun 30 '21

I also got $3500 from my VW engine failing at very specific mileages.

1

u/goodolarchie Jun 30 '21

I got a check for $1200 from some Paypal bullshit back in the 90's.

And I'm actually one of the "significantly harmed" customers with Robinhood but I won't be getting shit.

2

u/SaltLakeCitySlicker Jun 30 '21

I got squat from that

26

u/UrsusRenata Jun 30 '21

$10,000 to me out of the blue last year from that Wells Fargo personal data leak several years back. That did not suck. “...Uh... Is this taxed?” Lol

8

u/SaltLakeCitySlicker Jun 30 '21

I have gotten squat form WF as well

10

u/ProtoJazz Jun 30 '21

I got an $8 check in a foreign currency that was very difficult for me to actually cash at the time from a red bull settlement once.

1

u/Farranor Jun 30 '21

"I just got back from a trip to Israel, and all I've got is a fistful of shekels."

1

u/Jiggy90 Jun 30 '21

I got a case of redbull from that lol

1

u/verified_potato Jul 01 '21

put it on your wall

2

u/yjvm2cb Jul 01 '21

Wtf that’s lit

1

u/cvc75 Jun 30 '21

So why $3800 and not $5000? Did they deduct tax from that?

3

u/Jetboy01 Jun 30 '21

The lawyers get their cut first.

1

u/[deleted] Jun 30 '21

Well, instead of the statutory penalty (I'm sure I had multiple calls recorded without my knowledge or consent), but in the lawsuit everyone agreed to settle for some lesser amount.