This was unsecured debt. Robinhood would be laughed out of court if they tried to collect. And that's if this outrageous amount didn't make the news to begin with.
I feel for the parents, but this kid was probably depressed to begin with.
>His parents say an email from Robinhood, received the day after his death, clarified that trading restrictions had been lifted and the trade resolved.
>The lawsuit, filed in California state court, said the loss had been covered by other options in his account and accuses Robinhood's "misleading communications" of leading to "panic and confusion".
He clearly had no idea what was going on
(post is archived)