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Robinhood Markets is poised to succeed in pushing a female former engineer's claims about a "toxic culture of gender bias" at the company out of open court and into private arbitration.
Denise Badgerow won her long legal fight, while a Pennsylvania RIA and the Massachusetts securities regulator are currently weighing their options after decisions.
Robinhood Fallout Sweeps Market After $1 Billion Lifeline Bloomberg 1/29/2021 Annie Massa, Misyrlena Egkolfopoulou, Michelle F. Davis and Matthew Monks © Bloomberg The Robinhood website home screen on a smartphone arranged in the Brooklyn borough of New York, U.S., on Saturday, Dec. 19, 2020. Robinhood Markets will pay $65 million to settle allegations that it failed to properly inform clients it sold their stock orders to high-frequency traders and other firms, putting a major compliance headache behind the brokerage even as new ones emerge. (Bloomberg) -- The Reddit hor...