Robinhood settles class-action lawsuit related to data breach

Robinhood Financial agreed to a settlement in a class-action lawsuit for negligence related to a 2020 data breach, Barron’s reports. The data breach reportedly exposed thousands of customers’ personal and financial information to hackers. The settlement could be upward of $20 million, according to court filings from the investors who brought the complaint against Robinhood, a trading mobile application. Customers could be entitled to $260 each and two years of credit monitoring and identity theft protection.