Judge Allows Class Claims Against Robinhood Over Interest Retention Practices

( November 13, 2025, 2:43 PM EST) -- SAN FRANCISCO — A California federal judge denied a motion filed by the operators of the “Robinhood” stock trading mobile app and website to dismiss putative class claims alleging that they violated California’s unfair competition law (UCL) and are liable for breach of the implied covenant of good faith and fair dealing, finding the plaintiffs adequately alleged that Robinhood unfairly retained the interest accrued on customers’ accounts that they placed into interest-bearing accounts through Robinhood....