Rosen Law Announces Updated Lead Plaintiff Deadline in Securities Class Action Lawsuits on Behalf of Investors Unable to Execute Trades and Who Sold and/or Purchased Certain Securities on the Robinhood Trading Platform on or Around January 28, 2021

NEW YORK, June 15, 2021

The lawsuits are consolidated into the multidistrict litigation, In re January 2021 Short Squeeze Trading Litigation, 1:21-md-02989, pending before the Honorable Cecilia M. Altonaga in the United States District Court for the Southern District of Florida. Investors who wish to contact the court for copies of the complaints can contact the Clerk's office at the Wilkie D. Ferguson, Jr. United States Courthouse, 400 North Miami Avenue, Miami, Florida 33128 or call (305) 523-5100. This notice is disseminated pursuant to Judge Altonaga's Order signed on May 17, 2021. You may also contact your own counsel for copies of the complaints or the Rosen Law Firm below.

The relevant securities actions consolidated in the multidistrict litigation in the Southern District of Florida are individually styled as: Daniels v. Robinhood Financial, LLC, et al., No. 21-cv-21261; Days v. Robinhood Markets, Inc., et al., No. 21-cv-21310; Lagmanson, et al. v. Robinhood Markets, Inc., et al., No. 21-cv-21298; Gossett, et al. v. Robinhood Financial, LLC, et al., No. 21-cv-21293; Muncy v. Robinhood Securities, LLC, et al., No. 21-cv-21307; Krumenacker v. Robinhood Financial LLC, et al., No. 21-cv-21343; Quat, et al. v. Robinhood Financial, LLC, et al., No. 21-cv-21404; and Best, et al. v. Robinhood Financial, LLC, et al., No. 21-cv-21534. These actions assert largely similar allegations but are brought on behalf of different classes and include different securities. We urge investors to review the different complaints and classes.

NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY RETAIN COUNSEL OF YOUR CHOICE. YOU ARE NOT REQUIRED TO RETAIN COUNSEL. YOU MAY REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. AN INVESTOR'S ABILITY TO SHARE IN ANY POTENTIAL FUTURE RECOVERY IS NOT DEPENDENT UPON SERVING AS LEAD PLAINTIFF OR RETAINING COUNSEL AT THIS TIME.

According to the lawsuits, Robinhood engaged in illegal market manipulation by restricting trading of some or all of the Affected Securities. The manipulation depressed the value of the Affected Securities causing substantial losses to investors. On the other hand, the alleged manipulation bestowed significant benefits to those who had short positions on the Affected Securities, including hedge funds.

Pursuant to the Private Securities Litigation Reform Act of 1995 (15 U.S.C. § 78u-4(a)(3)(A)(i)(II)), if you wish to serve as lead plaintiff, you must move the Court no later than July 27, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation