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

The Supreme Court on Friday agreed to consider an effort by Robinhood to block a lawsuit over the company's omission of interim financial data from the online broker's initial public offering in 2021.

Robinhood wants the Supreme Court to overturn a ruling by the 9th Circuit U.S. Court of Appeals that revived a lawsuit by investors against the company in connection with the IPO.

A San Francisco federal court judge had previously dismissed the lawsuit.

The Trump administration had urged the Supreme Court to hear Robinhood's appeal.

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