Texaco Retirees Prevail In 9-Year Battle For Benefits

Law360, New York (February 26, 2009, 12:00 AM EST) -- A federal judge has revived and granted summary judgment on claims in a long-running putative class action brought by former Texaco Inc. employees who sued for retirement benefits a year before the oil company's 2001 merger with Chevron Corp.

In an opinion and order issued Tuesday, Judge Laura Swain of the U.S. District Court for the Southern District of New York reinstated the workers' claims for entitlement to benefits under the Employee Retirement Income Security Act and granted judgment in their favor on the claims, saying...
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