January 28, 2021
Howard A. Fischer was quoted in a Law360 article discussing the recent class-action lawsuits filed against the online stock trading platform Robinhood. Mr. Fischer explained that he would be surprised if Robinhood's terms of service "prohibited the action they took to suspend trading" and if "[these] cases survived a motion to dismiss (or a lowball settlement offer.)"
"Robinhood's clientele ignored the prime rule of free services: just because someone is giving you something for free, it doesn't mean you are getting it without a cost," Fischer told Law360 in an email. "The platform's users are the product being sold."
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