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Disney Faces Another ERISA Lawsuit Over Sequoia Fund
Bloomberg BNA
July 1, 2016
"In a proposed class action filed June 28, Disney workers allege that the company's retirement plan investment committee should have dumped its Sequoia Fund holdings when the fund's increasing stake in the troubled Valeant -- which the workers dub 'the Pharmaceutical Enron' -- caused a substantial drop in stock price that led to lost retirement savings."
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