California Federal Judge Dismisses ERISA Class Action Against Chevron Corp.
Mealey's (September 1, 2016, 1:20 PM EDT) -- OAKLAND, Calif. — A California federal judge on Aug. 29 granted Chevron Corp.’s motion to dismiss an Employee Retirement Income Security Act class action against it alleging breach of fiduciary duty for failure to state a claim (Charles E. White, et al. v. Chevron Corp., et al., No. 16-cv-0793, N.D. Calif.; 2016 U.S. Dist. LEXIS 115875).
(Order available. Document #54-160914-046R.)
The facts as pleaded “do not raise a plausible inference that defendants breached their fiduciary duties and/or duties of loyalty and prudence,” U.S. Judge Phyllis J....