March 07, 2025
A Texas federal judge granted an early win Friday to Anadarko Petroleum's severance plan and benefits committee in an ex-executive's suit alleging he was owed severance after an acquisition by Occidental Petroleum in 2019, finding the petroleum giant's decision to deny benefits wasn't an abuse of discretion.
November 06, 2024
The Fifth Circuit declined Wednesday to revive an oil and gas company worker's suit claiming he should have received severance after he resigned when his job duties changed following an acquisition, ruling that a plan committee backed up its finding that the job switch didn't qualify for exit pay.