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Family sues Robinhood app over young trader’s suicide

A young trader believed he had lost hundreds of thousands of dollars on the Robinhood app

Robinhood faces class-action lawsuits over its decision last month to restrict trading in several highflying stocks, including a lawsuit saying its conduct directly and proximately caused the death of a user
Robinhood faces class-action lawsuits over its decision last month to restrict trading in several highflying stocks, including a lawsuit saying its conduct directly and proximately caused the death of a user Photo: Getty Images

The family of a 20-year-old student who killed himself after thinking he had amassed a large trading loss on Robinhood Markets has sued the company over his death.

The family of Alex Kearns, a Robinhood user and a student at the University of Nebraska-Lincoln, said in a lawsuit filed in California state court on 8 February that Robinhood contributed to his death through “misleading communications” about his investments and “virtually non-existent” customer service, The Wall Street Journal reported.

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