( September 22, 2025, 8:01 AM EDT) -- PASADENA, Calif. — Financial services company Robinhood Markets Inc., certain of its senior executives and directors and underwriters of the company’s initial public offering (IPO) filed a petition for rehearing en banc in the Ninth Circuit U.S. Court of Appeals of a securities action brought against them by investors, arguing the panel majority’s decision to vacate in part a lower court’s decision to dismiss the complaint so the lower court could apply the correct standard as to the shareholders’ theories based on Section 11 of the Securities Act of 1933’s “misleading” prong ignores the plain text of Section 11 and is contrary to binding precedent....