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Wagner v. Hess Corporation et al
Case Number:
6:24-cv-00004
Court:
Nature of Suit:
Labor: Employee Retirement Income Security Act (ERISA)
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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October 07, 2025
Hess Cuts Deal To End Suit Over 401(k) Investment Roster
Energy company Hess agreed to settle a proposed class action alleging it cost workers millions of dollars in retirement savings by loading its employee 401(k) plan with expensive and poorly performing investment options, according to filings in Texas federal court.
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March 21, 2025
Ex-Hess Worker Sees Some Claims Trimmed In 401(k) Suit
A Texas federal judge kept alive Friday a former Hess Corp. worker's suit claiming the business irresponsibly retained high-cost investment funds in its $1 billion 401(k) plan, but nixed some allegations based on flimsy assertions that similar but cheaper funds existed in the market.
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February 13, 2024
Hess Loaded 401(k) Plan With Costly Investments, Suit Says
Energy company Hess Corp. allowed its $903 million employee retirement plan to be filled with expensive and poorly performing investment options, costing workers millions of dollars in retirement savings, according to a proposed class action filed in Texas federal court.