( December 5, 2024, 7:35 PM EST) -- WASHINGTON, D.C. — The U.S. Supreme Court denied a petition for writ of certiorari, refusing to review the Second Circuit U.S. Court of Appeals’ decision that a violation of Section 16(b) of the Securities Exchange Act of 1934 inflicts an injury and, thus, that a shareholder had standing to file a shareholder derivative complaint seeking disgorgement of short-swing profits from a capital management company....