Chevron Corp. Waives Right To Respond To High Court Fiduciary Duty Petition

Mealey's (May 6, 2019, 3:00 PM EDT) -- WASHINGTON, D.C. — Chevron Corp. on May 3 waived its right to respond to a petition for a writ of certiorari filed by participants in its Employee Savings Investment Plan asking the U.S. Supreme Court to decide whether a plaintiff alleging breach of fiduciary duty under the Employee Retirement Income Security Act can make a sufficient pleading with an allegation of a deficient decision-making process through inferences from facts known to the plaintiff (Charles E. White, Jr., et al. v. Chevron Corporation, et al., No. 18-1271, U.S. Sup.)....