Closed to new claimsData breachRobinhood Data Breach Settlement: Payout Status
Last updated: July 23, 2026
There is one real Robinhood settlement that paid customers, and it is closed. The $20 million Mehta v. Robinhood settlement resolved claims over unauthorized account-access (account-takeover) incidents between January 1, 2020 and April 27, 2022. Its claim deadline was January 17, 2023, the court granted final approval in 2023, and eligible customers who filed received up to $260 in cash (a pro-rated amount) or two years of credit-monitoring and identity-theft protection. No new claims can be filed today.
Importantly, that settlement does not cover the widely reported November 2021 Robinhood data breach — the incident in which a socially-engineered customer-support employee gave an attacker access to information for roughly 7 million people. The class action over that breach was dismissed on March 9, 2023 by Judge James Donato of the U.S. District Court for the Northern District of California, and the claims moved toward individual arbitration. There is no consumer settlement, fund, or payout for the November 2021 breach.
The Mehta case, Mehta v. Robinhood Financial LLC, No. 5:21-cv-01013-SVK, was decided in the Northern District of California before Magistrate Judge Susan van Keulen. Separately, Robinhood paid a $45 million SEC penalty in January 2025 (partly tied to the 2021 breach) — but that money went to the U.S. Treasury, not to customers. A different $2 million Robinhood settlement over order-routing and trade execution is unrelated to any data breach and should not be confused with it.
Key facts
- Settlement fund
- $20 million (Mehta account-takeover case)
- Payout
- Up to $260 cash, or 2 years credit monitoring
- Covered incidents
- Account takeovers Jan 1, 2020 – Apr 27, 2022
- Claim deadline
- January 17, 2023 (closed)
- Nov 2021 breach lawsuit
- Dismissed March 9, 2023 — no payout
- SEC penalty
- $45M to U.S. Treasury (Jan 2025), not consumers
- Case
- Mehta v. Robinhood, 5:21-cv-01013-SVK (N.D. Cal.)
- Administrator
- Mehta v. Robinhood Settlement Administrator
Official settlement administrator: Mehta v. Robinhood Financial LLC — court docket
Who qualifies
- The $20 million Mehta settlement covered Robinhood customers who experienced an unauthorized account-access incident between January 1, 2020 and April 27, 2022 that was reported by or to the customer.
- Those who filed a valid claim by January 17, 2023 could choose up to $260 in cash (paid pro-rata) or two years of credit-monitoring and identity-theft protection. About 3,075 valid claims were filed.
- The November 2021 data breach (about 7 million people) is not covered by any settlement — that class action was dismissed, so there is no eligibility and no claim to file for it.
- The $45 million SEC penalty and the $2 million order-routing settlement did not pay data-breach victims — the SEC money went to the Treasury, and the order-routing case is a separate trade-execution matter.
Robinhood settlement status — what happens now
- 1
The account-takeover settlement is closed
The $20 million Mehta v. Robinhood settlement had a claim deadline of January 17, 2023. That window has passed, so no new claims can be filed. Customers who filed in time received up to $260 in cash or two years of credit monitoring after the court's 2023 final approval.
- 2
The November 2021 breach never produced a payout
The class action over the November 2021 breach — which exposed information for roughly 7 million customers after a support employee was socially engineered — was dismissed on March 9, 2023. The claims moved toward individual arbitration, and no consumer settlement fund or check exists for that breach.
- 3
The SEC penalty was not consumer money
In January 2025 Robinhood agreed to a $45 million SEC penalty, partly related to the 2021 breach and recordkeeping failures. Like all SEC penalties, that money went to the U.S. Treasury — it was not distributed to affected customers.
- 4
Don't confuse it with the order-routing settlement
A separate $2 million Robinhood settlement concerns payment-for-order-flow and trade-execution quality, not a data breach. If you see a Robinhood claim form with a 2026 deadline, it is that unrelated matter — not a data-breach payout.
- 5
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Frequently asked questions
Is there a Robinhood data breach settlement I can claim?
Not anymore. The only Robinhood settlement that paid customers — the $20 million Mehta account-takeover settlement — closed to claims on January 17, 2023. The separate November 2021 data breach lawsuit was dismissed in March 2023 and produced no consumer settlement, so there is nothing to file for it.
Am I getting a Robinhood settlement check?
Only if you filed a claim in the Mehta settlement before January 17, 2023. Those claimants received up to $260 in cash or credit monitoring in 2023. There is no ongoing Robinhood data-breach payout, and no check is being sent for the November 2021 breach.
What happened with the November 2021 Robinhood breach?
In November 2021 an attacker socially engineered a Robinhood support employee and accessed information for roughly 7 million customers. The class action over the breach was dismissed on March 9, 2023 by Judge James Donato, and the claims moved toward individual arbitration. No class settlement or payout resulted.
How much was the Robinhood settlement payout?
In the $20 million Mehta settlement, class members who filed by the deadline could receive up to $260 in cash (paid pro-rata based on the number of claims) or two years of credit-monitoring and identity-theft protection. Most of the $20 million covered notice, credit monitoring, fees, and business-practice changes rather than direct cash.
Does the $45 million SEC settlement mean I get money?
No. The $45 million Robinhood paid to the SEC in January 2025 is a regulatory penalty that goes to the U.S. Treasury. SEC penalties like this are not distributed to individual customers.
Who was eligible for the Robinhood settlement?
The Mehta settlement covered Robinhood customers who had an unauthorized account-access incident between January 1, 2020 and April 27, 2022. It did not cover the November 2021 breach, which was litigated separately and dismissed.
Is the Robinhood settlement legit or a scam?
The Mehta account-takeover settlement was legitimate but is now closed. Because there is no active Robinhood data-breach claim, be skeptical of any website or message asking for your login, Social Security number, or a fee to "claim your Robinhood settlement" — that is a red flag for a scam.
Sources and official records
Every figure and date on this page was taken from the primary records below — court dockets, agency releases, and the settlement administrator's own notices. Payout averages we describe as averages are calculated from the official totals, not reported per-person estimates.
- CourtListener — Mehta v. Robinhood Financial LLC, No. 5:21-cv-01013 (N.D. Cal.), the $20 million account-takeover settlement whose claim window closed
- CourtListener — In re Robinhood Data Security Litigation, No. 3:21-cv-08906 (N.D. Cal.), the separate November 2021 breach case that never produced a consumer fund
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