September 15, 2014
ConocoPhillips Co. on Friday asked a Delaware federal court to accept a magistrate judge's recommendation to throw out a derivative suit challenging the company's executive pay plan that purportedly breaches tax and securities rules, saying the plaintiffs had failed to specifically allege a misstatement or omission in a proxy statement.
March 12, 2014
A Delaware federal magistrate judge recommended Wednesday that the court grant ConocoPhillips Co.'s request to throw out a derivative suit that challenges an executive compensation plan by alleging that it is in breach of tax and securities regulations and that the directors tried to sell it with misleading proxy statements.
August 04, 2011
A shareholder of energy giant ConocoPhillips sued the company and its board of directors in Delaware federal court on Wednesday, challenging a compensation plan for executives that has allegedly been pursued in breach of tax and securities regulations.