Panel Affirms Dismissal Of Breach Of Loyalty, Prudence Claims Against Chevron

Mealey's (November 15, 2018, 2:08 PM EST) -- SAN FRANCISCO — The Ninth Circuit U.S. Court of Appeals on Nov. 13 affirmed a California federal court’s dismissal of a class complaint alleging that Chevron Corp., the Chevron Investment Committee and 20 Doe defendants violated the Employee Retirement Income Security Act by acting disloyally and imprudently in the management of the Chevron Employee Saving Investment Plan (Charles E. White, Jr., et al. v. Chevron Corporation, et al., No. 17-16208, 9th Cir., 2018 U.S. App. LEXIS 32116)....