Sears, Execs Defeat Lawsuit Over Company Stock in Its 401(k)

Sears Holdings Corp. and its top executives defeated a lawsuit by former employees accusing them of failing to monitor a company stock fund in the 401(k) plan at a time when Sears’ stock value fell from $30 to $7—a decline of over 76.3 percent.

Sears joins a growing list of major companies that successfully defended against such lawsuits after a 2014 U.S. Supreme Court decision made it more difficult for workers to advance claims to recoup losses in their retirement accounts as a result of drops in the price of their employers’ stock.

So far this year, courts have sided ...