Shell Says Intra-Class Conflict Prevents Cert. In ERISA Suit
By Rachel Stone (January 31, 2022, 8:50 PM EST) -- Shell Oil Co. urged a Texas federal court to block a group of retirement plan participants from bringing their lawsuit over alleged 401(k) mismanagement on behalf of a sprawling class, claiming the proposed class improperly includes members with contradictory interests.
The oil and gas giant and its retirement plan trustees slammed a January motion for class certification lodged by three former Shell employees, pointing out in a filing Friday that the group contains members who the workers claim unfairly benefited from certain investments at the expense of putative class members who were harmed.
"Plaintiffs' proposed class is riddled with irreconcilable conflicts....
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