Levi & Korsinsky, LLP is investigating allegations related to Chevron Corporation’s (NYSE: CVX) Chevron Employee Savings Investment Plan (the “Chevron Plan”). The investigation concerns possible violations of the Employee Retirement Income Security Act of 1974 (ERISA).
In particular, the investigation concerns whether the fiduciaries of the Chevron Plan violated ERISA by selecting and retaining high-cost and poor-performing investment options compared to available alternatives. As a result, the Chevron Plan and Plan participants lost millions in poor investment returns and unreasonable administrative expenses.
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