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Justices To Hear Robinhood Suit On Pre-IPO Financial Data

In this photo illustration, a Robinhood logo is displayed on a smartphone with stock market percentages in the background.

By Jessica Corso and Sarah Jarvis

The U.S. Supreme Court on Friday agreed to hear a case brought by Robinhood Markets Inc. that questions whether investors can sue when a company in the process of going public does not release potentially unfavorable financial data that isn't ready for publication.


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Top Stories
  • Federal Trade Commission signage
    FTC Challenges $3.5B Veterinary Supplies Merger

    By Bryan Koenig

    The Federal Trade Commission sought Friday to block Covetrus Inc.'s planned $3.5 billion purchase of "its closes...(read more)

  • An Asian man with gray hair, wearing glasses and a leather jacket, is shown standing in front of an NVIDIA sign.
    Top Dems Launch Probe Into Trump Admin's Nvidia Dealings

    By Dylan Moroses

    The top Democratic lawmakers on the Senate Finance and House Ways and Means committees launched an investigation...(read more)

  • CFTC Targets Ark.'s Kalshi Enforcement Action In Latest Suit

    By Hailey Konnath

    The U.S. Commodity Futures Trading Commission asked an Arkansas federal court to block the state's enforcement action against Kalshi, once again claiming that the authority to regulate prediction markets lies exclusively with the federal government.

  • Ex-NYC Jails Chief Describes Push To Hire Mayor Adams' Pick

    By Frank G. Runyeon

    New York City's former jails chief took the stand on Friday in the state's bribery trial against Eric Ulrich, the former head of the city's buildings department, telling the judge he hired the daughter of co-defendant Michael Mazzio after Ulrich said Mazzio was "very close with the mayor."

  • EBay Insurer Says No Coverage For Blogger Harassment Deal

    By Danielle Ferguson

    An insurer for eBay told a California federal court that it owes no coverage toward a $55.7 million settlement the e-commerce giant reached after former employees harassed a Massachusetts couple over their critical blog posts, saying the harm the couple experienced was an intended injury excluded under the policy. 

  • Fed. Circ. Upholds PTAB's Ax Of Netlist Patent Claims

    By Adam Lidgett

    The Federal Circuit on Friday refused to revive claims across a trio of Netlist computer memory patents challenged by Micron and Samsung, decisions that came after multimillion-dollar settlements were reached by the parties to end interlocking patent fights.

  • FCC To Kick Off Upper C-Band Auction In Wireless Biz Boost

    By Christopher Cole

    The Federal Communications Commission is ready to get moving on an auction long awaited by the wireless sector to sell exclusive licenses in the prime upper C-band airwaves.

  • ABA Council Backs Law School Course, Faculty Rule Changes

    By Emma Cueto

    The American Bar Association council that handles law school accreditation voted Friday to relax standards related to online course credits and courses taught by full-time faculty, requirements that critics have claimed contributed to higher tuition rates.

  • How AI Became The 'Backseat Driver' In Settlement Talks

    By Chris Villani

    Attorneys say the ubiquitous use of artificial intelligence by clients has put up barriers to resolving cases by giving litigants unrealistic expectations about their claims, introducing inaccurate or irrelevant case law, and making them second-guess their hired legal counsel more often.

  • Memories Of Weil: From Childbirth To The Lehman Bankruptcy

    By Aebra Coe

    Those who worked within the walls of Weil Gotshal & Manges LLP over its 95-year history have built up countless personal and professional memories. Here, six former attorneys and staff share some of their top memories.

  • Justices To Review If Trump Can Bypass Asylum At Border

    By Britain Eakin

    The U.S. Supreme Court on Friday said it will review whether President Donald Trump's proclamation declaring an invasion and imposing restrictions on entering the country allows the administration to quickly deport people arriving at the border and block them from seeking asylum.

  • SEC Finally Issues Proposal To Limit Exec Pay Disclosures

    By Jessica Corso

    The U.S. Securities and Exchange Commission on Friday proposed cutting back on the information that investors receive about executive compensation, limiting the number of senior officers who have to detail their earnings as well as the perks they must publicly declare, in what the agency characterizes as an effort to reduce compliance burdens on publicly traded companies.

  • Former CFTC Commissioner Among Trump's Picks For SEC

    By Hailey Konnath

    President Donald Trump on Thursday unveiled his picks for the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission, notably nominating former CFTC Commissioner Kristin Johnson for a Democratic seat on the SEC.

  • Merchants Sue OCC Over Push To Preempt Ill. Swipe-Fee Law

    By Jon Hill

    Merchant trade groups sued the government Thursday in D.C. federal court to overturn recent rules from the Office of the Comptroller of the Currency that seek to shield banks from Illinois state limits on swipe fees, arguing the "slapdash" preemption effort exceeded the agency's authority.

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Latest News

  • DC Circ. Doubts FERC Overstepped On PJM Project Rules
  • Ex-Wine Co. Prez Touts To Jury Role In Acquiring Josh Cellars
  • Texas AG Drops Suit Accusing NCAA Of Flouting Trans Rules
  • La. Judge Halts Sports Event Contracts Over Gambling Claims
  • Costco Vendor Seeks Enforcement Of $1M Shanghai Award
  • CFTC Targets Ark.'s Kalshi Enforcement Action In Latest Suit
  • OCC Flags Credit Risks For Banks In AI Infrastructure Boom
  • Novo Nordisk Settles Conn. Hospital's Suit Over Insulin Pens
  • 7-Eleven Sued Over Allegedly Misleading Gas Labels
  • Ace Website Visitors' Tracking Claims Shipped To Arbitration

From The Courtroom

  • Ex-Wine Co. Prez Touts To Jury Role In Acquiring Josh Cellars
  • Ex-Conn. Lawmaker Says Jury Pool Flooded With Bad Press
  • Ex-Wine Co. Exec Had 'Unusual' Distributions Deal, Jury Told
  • Insurance CEO Asks Jurors To Uphold $8M Promise
  • Huawei's Iran Dealings Were No Secret To Banks, Jury Hears
  • Josh Cellars Parent Owes Ex-President Royalties, Jury Told
  • Execs Sandbagged Failed Trucking Insurer Receiver, Jury Told
  • Supreme Court Weighs Ending Decades-Old Bivens Doctrine
  • Gambler Tells Jury Crew Bet On Guardians Inside Pitch Info
  • Guardians Aces Preview Defense With Brewers' Bo Naylor
 
 
 

Expert Analysis

  • Gerald Hodgkins
    SEC's History Undercuts Its 'Back To Basics' Rationale
    The current U.S. Securities and Exchange Commission's enforcement recalibration prioritizing fraud over technical violations has led... (read more)
  • Lisa Zaccardelli
    DOJ's Deloitte, Lockheed DEI Deals Stress Whistleblower Role
    The U.S. Department of Justice's recent settlements with Deloitte and Lockheed Martin over their diversity, equity and inclusion pra... (read more)
  • Rachel Maimin
    2nd Circ. Ruling Limits Collection Beyond Restitution Terms
    In a case involving a financial fraud conviction, the Second Circuit recently established a clear limit on the government's enforcem... (read more)
  • John Carroll
    FTC Letters Expand Hospitals' Pricing Transparency Risks
    A wave of warning letters recently sent by the Federal Trade Commission to healthcare service providers makes it clear that, in addi... (read more)
  • Tracy Garcia
    Full Policy Payment May Not Bar Insurer Bad Faith In 9th Circ.
    Establishing that an insurer acted within its contractual rights likely disposes of a breach-of-contract claim, however, following t... (read more)
  • Read More Expert Analysis

 
 
 

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