February 04, 2025
A Texas federal judge awarded class certification to more than 10,000 current and former Shell Oil Co. workers in their suit claiming the energy behemoth mismanaged their $10 billion 401(k) plan, but he declined to grant either side early wins.
December 08, 2023
Current and former employees urged a Texas federal judge Friday to award them a win on one of their claims against Shell Oil Co. in their suit alleging the energy giant mismanaged their 401(k) plan, arguing there are no remaining disputes on the issue to resolve at trial.
November 09, 2023
A Texas federal magistrate judge said Thursday that neither Shell Oil Co. nor retirement plan participants should be granted a pretrial win in a suit claiming the company mismanaged its $10 billion 401(k) plan, recommending a bench trial to hash out factual disputes.
September 21, 2023
Shell Oil urged a Texas federal court not to certify classes of over 10,000 retirement benefit participants alleging the company mismanaged its employee 401(k) plan in violation of the Employee Retirement Income Security Act, arguing a magistrate judge's recommendation is too broad and based on improperly considered evidence.
September 07, 2023
A Texas federal magistrate judge recommended Wednesday certifying classes of over 10,000 Shell Oil retirement benefit participants who allege the gas giant's mismanagement cost their 401(k) investment accounts $70 million, finding that Fifth Circuit precedent doesn't bar certification even if some class members may not have suffered losses and lack standing.
March 13, 2023
Current and former Shell Oil workers can't have their claims that the energy giant mismanaged their retirement savings heard by a jury, a Texas federal judge ruled Monday, saying a 2011 U.S. Supreme Court ruling meant they weren't entitled to a jury trial.
September 07, 2022
Shell Oil Co. told a Texas federal judge that a group of retirement plan participants can't prevail on its claim that the company failed to monitor and subsequently ditch poorly performing investment options in the participants' 401(k) plan, arguing that it wasn't obligated to keep an eye on individual funds.
January 31, 2022
Shell Oil Co. urged a Texas federal court to block a group of retirement plan participants from bringing their lawsuit over alleged 401(k) mismanagement on behalf of a sprawling class, claiming the proposed class improperly includes members with contradictory interests.
June 18, 2021
The U.S. Supreme Court's decision to uphold the Affordable Care Act capped off an eventful six months for benefits-related litigation in the federal courts, which have ruled on hot topics including arbitration, forum selection clauses and ERISA preemption.
March 31, 2021
Confidential information about Shell Oil workers that Fidelity Investments obtained in its role of retirement plan recordkeeper and allegedly misused is not a "plan asset" that can give rise to claims under the Employee Retirement Income Security Act, a Texas federal judge ruled.