Judge Tosses Class Action Alleging Exxon Breached Fiduciary Duties In ERISA Suit

Mealey's (April 3, 2018, 1:22 PM EDT) -- HOUSTON — A Texas federal judge on March 30 granted Exxon Mobil Corp.’s motion to dismiss a class action asserting that the company and its officers failed to prudently and loyally manage a defined contribution benefit plan’s assets pursuant to the Employee Retirement Income Security Act (Bobby D. Fentress, et al. v. Exxon Mobil Corporation, et al., No. 16-3484, S.D. Texas, 2018 U.S. Dist. LEXIS 54199)....