Robinhood isn’t expected to be sued In Delaware court soon, if ever

Delaware Business Court Insider

In the week after Robinhood restricted trading on GameStop and other stocks, outcry from the app’s users and the public at large has unfolded into more than 50 lawsuits nationwide.

None of those cases have been filed in Delaware, where the California-based company is incorporated. And that may not change, at least not in the immediate future.

Shareholders for Robinhood, which is among the many companies that are incorporated in Delaware but aren’t headquartered there or don’t do the majority of their business within state lines, could potentially file a case against the company in Delaware. But Robinhood’s customers, not shareholders, are currently the ones upset with the company to the point of taking legal action.

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