Robinhood Order Flow Settlement 2026 -- File a Claim by July 13
By eosguide editorial · Last updated
Robinhood Order Flow Settlement 2026 may pay eligible U.S. customers an estimated average $17.60. Claims are due July 13, 2026. It turns out “free trades” can still come with a plot twist.
What happened
Class period: September 1, 2016 through September 1, 2018
- The lawsuit is called In re Robinhood Order Flow Litigation, Case No. 4:20-cv-09328-YGR.
- The case claimed Robinhood made misrepresentations related to payment for order flow and that certain order-routing arrangements led to worse price improvement for some trades.
- Robinhood denies the claims and denies wrongdoing.
- The parties agreed to a $2 million settlement to resolve the case without a trial.
- The Court has not decided who was right.
What you can get
Cash payment
Estimated average $17.60
Actual amount depends on the net settlement fund and each authorized claimant’s calculated damages Automatic account credit
Key dates
| Action | Date | What it means |
|---|---|---|
| Claim deadline | July 13, 2026, or 60 days after entry of a final approval order, whichever is later | Last day to file a claim |
| Opt out | March 30, 2026 | Keep your right to sue separately |
| Object | March 30, 2026 | Tell the court you disagree |
| Final hearing | May 5, 2026 at 2:00 p.m. PT | Judge decides whether to approve |
Who may qualify
- You were a United States customer of Robinhood Financial LLC, Robinhood Securities, LLC, and/or Robinhood Markets, Inc.
- You placed one or more qualifying equity market orders from September 1, 2016 through September 1, 2018.
- Your qualifying buy order was routed during market hours and executed above the National Best Offer, or your qualifying sell order was routed during market hours and executed below the National Best Bid.
- Your aggregate difference between execution price and National Best Bid/Offer, counting only qualifying trades, was greater than $5.00.
- Receiving a notice does not guarantee payment, but it may mean you were identified as a potential settlement class member.
How to file
- Go to the official settlement website.
- Open the Submit Claim page.
- Enter the requested information, including your Settlement Class Member Identifier if required.
- Choose payment by ACH if you are eligible and want funds sent to another financial institution.
- Submit online by July 13, 2026, or 60 days after entry of a final approval order, whichever is later.
- If filing by mail, make sure the claim is postmarked or received by the same deadline.
Filed this claim?
Save the claim ID, deadline, payout notes, and official link in the free Settlement Claim Tracker. It stores entries in your browser, with no account needed.
Add to Tracker →Want the next deadline before it sneaks past you?
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Proof required
- Claim Form information requested by the Settlement Administrator.
- Settlement Class Member Identifier, if you received one.
- Supporting documentation required by the Proof of Claim form, if requested.
Payment timing
Payments are expected 30 days after the settlement is finally approved and any appeals process is complete. Active Robinhood account holders in good standing may receive payment automatically as a Robinhood account credit unless they file a claim choosing ACH. Eligible people without an active Robinhood account must submit a claim to receive payment by direct deposit.
Important links
Contact
Extra details
- Active Robinhood account holders in good standing may not need to file a claim to receive a payment.
- You may still file a claim if you want your distribution sent to a different financial institution by ACH.
- If you do not have an active Robinhood account in good standing, filing a valid claim is required to receive payment.
- Use the official settlement website only. The internet has enough side quests already.
Info only. Verify details on the official site. Not legal, financial, or tax advice. Legal
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