February 13, 2024
An Oklahoma federal judge transferred to Texas a proposed class action from ConocoPhillips retirees alleging they lost more than $260 million when the company sunk their investment savings into the stock of a company ConocoPhillips spun off in 2012, given a forum selection clause in the 401(k) plan documents.
January 19, 2023
ConocoPhillips broke the law and cost workers more than $260 million in losses by recklessly allowing their investment savings to be sunk into the stock of a company ConocoPhillips spun off in 2012, a pair of retirees said in a proposed class action.