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JELINEK v. CAPITAL RESEARCH AND MANAGEMENT CO.

No. 10-55221.

RODNEY T. JELINEK, as trustee of the David L. Caplan Revocable Trust; et al., Plaintiffs-Appellants, v. CAPITAL RESEARCH AND MANAGEMENT CO.; AMERICAN FUNDS DISTRIBUTORS, INC., Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Filed August 24, 2011.

NOT FOR PUBLICATION

MEMORANDUM*

Appellants appeal the district court's judgment, following a bench trial, holding that the mutual fund investors failed to prove the Appellees breached the fiduciary duty imposed by § 36(b) of the Investment Company Act of 1940. 15 U.S.C. § 80a-35(b) (hereinafter "the Act"). We affirm in large part for the reasons stated in the district court's comprehensive order.

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