( September 3, 2025, 10:52 AM EDT) -- SAN FRANCISCO — Quoting Anderson v. Intel Corp. Investment Pol'y Committee, the Ninth Circuit U.S. Court of Appeals in an unpublished Sept. 2 memorandum disposition briefly affirmed dismissal of putative class claims concerning custom target-date funds (TDFs), saying that under the Employee Retirement Income Security Act, pleading “‘that a prudent fiduciary in like circumstances would have selected a different fund based on the cost or performance of the selected fund’” requires providing “‘a sound basis for comparison.’”...