NEW YORK, Nov. 18, 2017 (GLOBE NEWSWIRE) -- Stull, Stull & Brody today announced that an ERISA Action has been filed and that it has commenced an investigation relating to the 401(k) defined contribution plan of Phillips 66’s (NYSE:PSX) (“Phillips 66” or the “Company”). Among other things, Stull, Stull & Brody is investigating whether fiduciaries of Phillips 66’s 401(k) plan violated the Employee Retirement Income Security Act of 1974 (“ERISA”) by offering Phillips 66 stock and/or ConocoPhillips Stock as an investment option under the plan.
If you held ConocoPhillips stock in an individual account under Phillips 66’s 401(k) plan during the last several years and have questions about your legal rights or interests with respect to these matters, please contact Michael Klein, Esq. at Stull, Stull & Brody by e-mail at psx@ssbny.com, by calling toll-free 1-800-337-4983 x147, by fax to 1-212-490-2022, or by writing to Stull, Stull & Brody, 6 East 45th Street, New York, NY 10017. You can also visit our website at www.ssbny.com.
The case focuses on whether, since 2012, ConocoPhillips’s stock was appropriately offered as an investment option in the Phillips 66 Savings Plan, a 401(k) plan, and whether the Phillips 66 Savings Plan’s fiduciaries violated their fiduciary duties by offering ConocoPhillips’s stock under the plan.
You may retain Stull, Stull & Brody, or other counsel of your choice, to represent you. Stull, Stull & Brody has litigated many class actions for violations of securities laws in federal courts over the past 40 years and has obtained court approval of substantial settlements on numerous occasions. Stull, Stull & Brody maintains offices in New York and Beverly Hills.
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