Mealey's (February 8, 2021, 9:48 AM EST) -- NEW YORK — The Second Circuit U.S. Court of Appeals on Feb. 4 determined that a district court did not err in finding that a plan participant’s breach of the duty of prudence claim cannot proceed because the participant failed to allege any alternative actions that could have been taken by General Electric Co. (GE) to protect participants in GE’s employee stock option plan from losses caused by a decrease in GE’s stock prices after the company announced that the liabilities of its reinsurance subsidiaries were under reserved....