Supreme Court will hear Robinhood effort to toss IPO info omissions lawsuit

The Supreme Court agreed to hear an appeal by Robinhood Markets against a lower court's decision that revived an investors' lawsuit alleging the company omitted material information in its initial public offering disclosure documents. The Trump administration had filed a brief urging the Court to accept the case. The lawsuit seeks damages from Robinhood over allegations related to IPO registration statements.

• CNBC — Supreme Court will hear Robinhood effort to toss IPO info omissions lawsuit

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