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Judge Denny Chin Judge Denny Chin of the U.S. Court of Appeals for the Second Circuit. Photo: David Handschuh/NYLJ

A federal appeals court in Manhattan upheld the dismissal Monday of a proposed class-action lawsuit accusing Sequoia Fund Inc. of breaching a contractual provision, which supposedly barred the Maryland-based mutual fund from concentrating more than 25% of its assets in any one industry.

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Tom McParland

Tom McParland of New York Law Journal can be contacted at tmcparland@alm.com. Follow him on Twitter @TMcParlandALM.

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