February 13, 2021


Family of Robinhood user who died by suicide sues company

The family of a 20-year-old user of the stock trading app Robinhood sued the company Monday, alleging that its “aggressive tactics” and targeting of young, inexperienced investors led to the user’s death by suicide last year.

In a 30-page complaint filed in California’s Santa Clara County Superior Court, the family of Alex Kearns cited his last known written words — “How was a 20-year-old with no income able to get assigned almost $1 million worth of leverage?” — and said the Silicon Valley-based company lures users like Kearns into taking big risks with the promise of big profits.

“Though Alex

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