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9th Circ. Open To Reviving Robinhood Suit Over $2.1B IPO

By Dorothy Atkins ( January 15, 2025, 5:55 PM EST) -- Judges on a Ninth Circuit panel appeared open Wednesday to reviving a proposed securities class action alleging Robinhood hid how a "meme stock" and cryptocurrency trading frenzy had impacted its outlook ahead of its $2.1 billion initial public offering, saying the lower court may have applied the wrong standard in tossing the case....

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