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Supreme Court to review Robinhood IPO lawsuit over missing financial data

Market News
13 Nov 2026, 21:13 WIB
CNBC
View Source
Bearish
Supreme Court to review Robinhood IPO lawsuit over missing financial data

The U.S. Supreme Court has agreed to review Robinhood's attempt to block a lawsuit concerning the omission of interim financial data in its 2021 IPO. The 9th Circuit Court had revived the investor lawsuit after a lower court had dismissed it. This case could impact how companies disclose financial information during IPOs. The Supreme Court's decision will clarify legal standards for IPO disclosures and investor protections.

As of Nov 14, 2026 02:21 WIB, Robinhood Markets (HOOD) trades at USD 78.59, down 3.39% on the day on Pluang. This price sits closer to its 52-week low of USD 65.16 than its 52-week high of USD 137.08, reflecting a significant range in the past year. The typical hold time for HOOD on Pluang is 78 days, with buyers making up 77% of order activity, indicating continued investor interest despite recent declines.

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