May 22, 2024
A Texas federal judge refused to allow an energy contractor to immediately appeal a decision declining to dismiss a proposed class action accusing it of stacking its retirement plan with underperforming funds, saying allowing the Fifth Circuit to weigh in now would only slow down the litigation.
October 03, 2023
A Texas federal judge declined to toss a proposed class action alleging an energy contracting company weighed down its $1.2 billion 401(k) plan with underperforming investment funds, ruling that the ex-workers behind the suit supported their claims with enough detail.