Class Action Lawsuit Filed Against Robinhood Financial, LLC et al.
Blaise & Nitschke, P.C. filed suit on January 28, 2021 in the United States District Court for the Northern District of Illinois on behalf of plaintiffs damaged by the actions of Robinhood Financial, LLC and others in the wake of a tumultuous week for the U.S. stock market. The class action Complaint, which seeks damages on behalf of the named plaintiffs as well as all others similarly situated to them, alleges that Robinhood and other defendants intentionally and willfully restricted the purchase and sale of certain securities on their trading platforms, thereby dispossessing investors and potential investors of their ability to invest in the free market. The firm also filed a parallel suit in the United States District Court for the Central District of California. You can view the filing here.
Bookmark this page for future updates.
CARES Act litigation update
What happened in December 2020?
Congress passed the $900 billion coronavirus relief package that was signed into law by President Donald Trump on December 27, 2020. In this package, the U.S. government will allow mixed-status households to receive stimulus checks. In mixed-status families, at least one member of the household must have a Social Security number (SSN). These families were denied stimulus checks in the first round of payments offered in late March 2020.
Who is eligible for the next round of payments?
$600 in direct aid will be sent to United States citizens and legal permanent residents (green card holders), even if they previously filed their taxes jointly with an undocumented spouse. An additional $600 check will be sent for each dependent child.
What happens now?
Plaintiff and others similarly situated will receive the $600 payment in the same manner as other U.S. Citizens and green card holders.
How do Plaintiff and others similarly situated retrieve the first round of payments?
A refundable CARES Act tax credit of up to $1,200 each for themselves and up to $500 for each eligible child will be provided for Plaintiffs and similarly situated individuals when they file their 2020 tax returns. As with all refundable tax credits, a payment will be forthcoming only to the extent that the credit exceeds the applicable tax liability for the relevant year.
You can ask your tax professional how to claim the refundable CARES Act tax credit when filing your 2020 return.
If you cannot afford to have a professional prepare your income taxes for you, you may qualify for free tax preparation through the Volunteer Income Tax Assistance (VITA) program. We encourage you to use these free resources.
If you have attempted to receive the Earned Income Tax Credit, but do not qualify based on the immigration status of your spouse, we are investigating these claims. Please contact us if you are interested in pursuing a similar remedy to what we sought in this case.
Blaise & Nitschke, P.C. In The News
Lawsuit Filed Against Trump For Denying Checks To Americans Married To Immigrants
Blaise & Nitschke, P.C. has filed a federal class-action lawsuit on behalf of U.S. citizen clients denied their Covid-19 stimulus check, alleging violations of their civil rights and demanding that the government declare their rightful entitlements under the CARES Act.
Press Conference – May 12, 2020
Attorneys Lana B. Nassar and Heather L. Blaise joined Rep. Jesus “Chuy” Garcia, Rep. Robyn Kelley, State Sen. Celina Villaneuava and others for a press conference regarding our ongoing CARES Act class action litigation.
April 26, 2020 Trump administration and Mitch McConnell hit with lawsuit over claims they denied stimulus checks to citizens married to ‘unauthorized’ immigrants. Visit our Facebook page or read the full article here.