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Quigley et al v. ConocoPhillips Company et al
Case Number:
5:23-cv-00062
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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February 13, 2024
ConocoPhillips Wins Transfer Of Retirees' 401(k) Suit To Texas
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.
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January 19, 2023
ConocoPhillips Sued Over 401(k) Investments In Spinoff Co.
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.