Every dollar amount and date on this page is quoted from the official settlement document.
Robinhood trade execution
Court case: In re Robinhood Order Flow Litigation
If you had a Robinhood account between September 1, 2016, and September 1, 2018, and your market orders were filled at prices worse than the national best bid/offer — costing you more than $5 total — you're covered. If your Robinhood account is still active and in good standing, your share will be credited automatically. If your account is closed or not in good standing, you need to file a claim by July 13, 2026.
Official eligibility wordingU.S. customers who placed qualifying equity trades between September 1, 2016 and September 1, 2018, where execution prices deviated unfavorably from the National Best Bid/Offer by more than $5.00 in aggregate. Checked against the official settlement source by SettleSignal on June 19, 2026.
Key facts
- Who may qualify U.S. Robinhood customers who placed market orders to buy or sell stocks between September 1, 2016, and September 1, 2018, where those orders were filled at prices worse than the national best bid or offer, and where the total shortfall across all such trades added up to more than $5.
- Estimated payoutApproximately $17.60 per person after deductions from a $2 million settlement fund.
- Claim deadlineJuly 13, 2026 (closed)
- Proof requiredYes
- What you needIf you have an active Robinhood account in good standing, no action is needed. Otherwise, file a claim at robinhoodorderflowsettlement.com by July 13, 2026. You'll likely need your Robinhood account details; specific proof requirements aren't listed, so the claim form itself will tell you exactly what's needed.
- CourtU.S. District Court for the Northern District of California
Important dates
How hard is this claim to file?
Watch out for
- Active account holders who do nothing still receive automatic payment — filing a claim is only required for those without active accounts or who want an alternative payment method.
- The exclusion and objection deadlines have already passed, so opting out of this settlement is no longer possible.
- The specific fields and documentation required by the online claim form are not described in the available documents — visit the claim URL to see exactly what is requested.
We prepare — you file on the official site yourself. This is not legal advice and is not an eligibility decision; the administrator and court decide.
Verify it yourself
How we verified this record
- Claim deadline
- Payout details
- Eligibility
- Proof requirement
- Administrator
- Court case
- Payment status
- 1 field queued for re-check
1 official source linked to this record.
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Claim deadline
July 13, 2026
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Eligibility summary Quoted in the official eligibility wording above ↑
The settlement class includes U.S. customers who placed qualifying equity trades between September 1, 2016, and September 1, 2018, where execution prices deviated unfavorably from the National Best Bid/Offer by more than $5.00 in aggregate.
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Proof requirement
Yes
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Payment status
Final approval pending
Settlement Hearing: May 5, 2026, at 2:00 p.m.
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Estimated payout
Approximately $17.60 per person after deductions from a $2 million settlement fund.
Based on estimates, settlement class members anticipate receiving approximately $17.60 per person after deductions.
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Administrator
Kroll Settlement Administration LLC
Show all 9 more verified fields
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Objection deadline
March 30, 2026
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Opt-out deadline
March 30, 2026
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Automatic refund
Yes — automatic, no claim needed
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Class period start
September 1, 2016
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Class period end
September 1, 2018
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Court
U.S. District Court for the Northern District of California
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Court case number
4:20-cv-09328-YGR
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No-claim explanation
Active Robinhood account holders receive automatic pro rata distributions without filing a claim form.
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Case name
In re Robinhood Order Flow Litigation
This class action settlement concerns Robinhood Financial LLC, Robinhood Securities, LLC, and Robinhood Markets, Inc., filed in the U.S. District Court for the Northern District of California (Case No. 4:20-cv-09328-YGR).
Where to act
No claim form is needed — Kroll Settlement Administration LLC issues this refund automatically; confirm your eligibility and contact details on the official source.
No claim needed — payment is automatic
If you qualify, the settlement pays you automatically. There's nothing to file — just keep an eye on your mail or account around the payment date.
Status history
- Claim deadline passed.
- Settlement published after verification.
- Verified field details updated from an official source.
