June 02, 2017
A California federal judge has rejected a proposed Employee Retirement Income Security Act class action alleging Chevron Corp. mismanaged worker retirement funds by hiring investor Vanguard Group Inc. to monitor its plans, agreeing with the company that the suit largely repackages arguments dismissed last year.
January 18, 2017
Chevron Corp. urged a California federal judge Wednesday to toss a putative class action brought by beneficiaries of its employee retirement plan who claim Chevron breached its fiduciary duties when it made high-cost and poor-performing investments, saying the employees haven’t alleged anything new since the court dismissed their original complaint.