( May 23, 2025, 11:52 AM EDT) -- HONOLULU — Saying that retirement plan participants “did not plausibly allege that [Intel Corp.]’s funds underperformed other funds with comparable aims,” the Ninth Circuit U.S. Court of Appeals on May 22 affirmed dismissal of a putative class Employee Retirement Income Security Act suit challenging retirement plan investments in hedge funds and private equity; the ruling was accompanied by a nine-page concurring opinion that aimed “to clarify the role of comparisons and circumstantial allegations in duty-of-prudence claims.”...