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Investing app Robinhood hit with a lawsuit. Here’s an easy way to join

Handling legal issues can be a stressful process. Even with a good lawyer on your side, being in the midst of a legal battle can take a toll on your well-being.

Dealing with legal issues can be extremely costly, too. Whether it’s a minor traffic ticket that you forgot to pay or a civil lawsuit that has gotten out of hand, the legal battle will come with high price tags for attorneys, fees, court costs and other related issues. Luckily, there are services that can help.

One service billed as the “robot lawyer” was built to help people fight back against unjust fees, ongoing subscription costs or other legal issues. It can even help you speed up the process of filing for unemployment. And a new tool just rolled out to help investors join the class-action lawsuit against the Robinhood app.

Here’s the backstory

Have you heard about the ongoing issues with Reddit, Wall Street and the video game store GameStop? The short-selling shakeup has been all over the news in recent days. If you aren’t caught up, here’s the gist:

GameStop’s less-than-stellar finances recently attracted the attention of Melvin Capital, a Wall Street hedge fund that’s been short-selling the company’s stock, betting that it will fail. Their plan caught the eye of a group of amateur day traders on the Reddit subgroup wall-street-bets, who decided to jump on the money train and fight the hedge fund billionaires by buying the stock and pushing up the price.

To do this, the amateur day traders used the trading app Robinhood to make small investments in GameStop and collectively managed to run up its stock by 8,000%, causing the hedge fund to lose billions. This isn’t illegal by any stretch of the imagination, but the Robinhood app restricted the amateur traders’ ability to buy or sell certain stocks.

This prompted a class-action lawsuit against Robinhood by the amateur traders. If you were affected by the Robinhood-GameStop trading restrictions, it’s now easy to join this lawsuit, thanks to DoNotPay.com. This service just rolled out a new tool that will let you add yourself to the class-action lawsuit against the app, and it offers other useful functionalities, too. Here’s how this new tool works.

How using DoNotPay can help you sue Robinhood

If you want to join the class-action lawsuit against Robinhood, you may want to set up an account with DoNotPay. This service has added a new tool to the platform that uses a bot to direct users to the class-action lawsuit filed against Robinhood in the Southern District of New York.

This bot ensures that you end up on the right lawsuit and successfully join the fight against Robinhood. Some other useful features were just added to the mix, too, including:

  • The functionality to file complaints with the Securities and Exchange Commission.
  • Arbitration requests for those who don’t want to wait for the lawsuit to play out in court.
  • The addition of other class actions related to this issue as they are filed.

These features ensure that you’re able to utilize all of the legal methods you want against Robinhood related to the GameStop issue. You can use them to track new class action lawsuits, submit arbitration requests or even file a complaint with the SEC.

How to sign up for DoNotPay

It’s important to note that you’ll have to sign up for a subscription with DoNotPay to use this service, but it could be worth the cost to add yourself to the lawsuit against Robinhood. You will have to divulge your bank or credit card info when you create a DoNotPay account, and the app will automatically draw its $3 monthly service charge.

If you want to get in on the lawsuit via the DoNotPay tool, here’s how you can sign up:

  1. Navigate to the DoNotPay site
  2. Click Sign Up
  3. Link a credit card, which will automatically sign you up for a monthly subscription
  4. After you create an account, find the options you have access to on the left-hand side of your screen
  5. Choose the service for you, which in this case is joining the Robinhood class action lawsuit or another Robinhood-related service

The bottom line

The legal battle over the GameStop short sales has only just begun. If you’re trying to join the lawsuit against Robinhood or want to keep an eye on your legal options, DoNotPay is a great tool to use.

It can help you quickly add your name to the class-action suit or file a complaint with the SEC over the actions taken by the platform. It will also keep you informed of any other lawsuits filed against the app so you’re up-to-date on what’s going on with the legal battles against this app.

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