Company Waives Right To Answer Petition On Whether It Can Bring Short-Swing Case

( May 8, 2025, 2:08 PM EDT) -- WASHINGTON, D.C. — A micro-robotic technology company on May 7 waived its right to respond to an investor’s petition for a writ of certiorari that asks the U.S. Supreme Court to determine whether the company has Article III standing to bring a case against him for the disgorgement of short-swing profits for violating Section 16(b) of the Securities Exchange Act of 1934....