California Federal Judge Dismisses Class Action Over Walt Disney Co. Plan’s Fund Investment Option

(November 29, 2016, 4:53 PM EST) -- LOS ANGELES — A California federal judge on Nov. 14 dismissed a putative Employee Retirement Income Security Act class action lawsuit filed by participants in the Walt Disney Co. retirement plan over a plan investment option, saying the plaintiffs have alleged no facts that plausibly show that the plan breached its duty to prudently monitor and review its inclusion of the Sequoia Fund as an investment option (In re Disney ERISA Litigation, No. 2:16-cv-02251, C.D. Calif.)....