Mealey's (May 11, 2018, 1:56 PM EDT) -- HOUSTON — A Texas federal judge on May 9 granted a motion to dismiss filed by the defendants in a class action alleging that a retirement plan breached its duty to diversify and its duty of prudence following a spinoff of the company because the plan did not mandate that the participants’ assets remain in specific stock funds created following the spinoff (Jeffery Schweitzer et al., v. The Investment Committee of the Phillips 66 Savings Plan et al., No. 17-3013, S.D. Texas, 2018 U.S. Dist. LEXIS 77788)....