Robinhood Fails to Persuade Full Ninth Circuit to Take IPO Case

Robinhood Markets Inc. won’t get the full Ninth Circuit to hear its challenge to an investor suit over the trading platform company’s initial public offering, the appeals court said Wednesday.

The rejection by the US Court of Appeals for the Ninth Circuit—after a three-judge panel of the court widened a circuit split—sets the stage for a possible US Supreme Court petition if Robinhood is inclined to pursue its fight over the standards to sue over disclosures in IPO registration and prospectus documents. The case could interest the high court, attorneys have said.

Robinhood didn’t immediately respond to a request ...