( June 23, 2026, 12:06 PM EDT) -- PHILADELPHIA — Saying, “Sometimes, even a good process produces disappointing results,” the Third Circuit U.S. Court of Appeals on June 22 affirmed summary judgment for retirement plan fiduciaries who were sued under the Employee Retirement Income Security Act over retention of allegedly underperforming actively managed funds, concluding that the fiduciaries “followed a sound process, collaborating with an outside investment advisor and meeting with the managers of the challenged Funds” and that “[a] fund’s poor performance alone does not mandate drastic or sudden action.”...