Investors Argue High Court Should Not Address Dispute Over IPO Disclosures

( April 28, 2026, 2:57 PM EDT) -- WASHINGTON, D.C. — Investors in an opposition brief ask the U.S. Supreme Court to deny a petition for a writ of certiorari filed by financial services company Robinhood Markets Inc asking it to review the Ninth Circuit U.S. Court of Appeals’ split opinion finding that Section 11 of the Securities Act of 1933 required the company to disclose certain information in its initial public offering (IPO), arguing that “[t]here is nothing radical—or certworthy—about” the Ninth Circuit’s interpretation of the “misleading” prong of Section 11....