Mealey's (September 10, 2019, 2:05 PM EDT) -- NEW YORK — A federal district court did not err in dismissing investors’ breach of contract lawsuit against a mutual fund over its concentration of investments in the health care industry because guidance issued by the Securities and Exchange Commission in 1998 allowed for passive increases in the value of the fund’s assets, a Second Circuit U.S. Court of Appeals panel ruled Sept. 9 (Thomas Edwards, et al. v. Sequoia Fund Inc., No. 18-3467, 2nd Cir., 2019 U.S. App. LEXIS 27072)....