Schlumberger 401(k) Forfeiture Management Class Action
Schlumberger · Schlumberger 401(k) retirement plan · New Filing
About this case
Current and former employees filed a proposed class action alleging that Schlumberger used forfeited 401(k) contributions from departing workers to make the company’s required plan contributions rather than reduce participants’ administrative expenses. The complaint alleges that this conduct violated the Employee Retirement Income Security Act; the matter was filed in April, and its further procedural stage is not specified.
Case overview
- Defendant company
- Schlumberger
- Product or service
- Schlumberger 401(k) retirement plan
- Court case number
- 4:2026cv03121
- Case status
- New Filing
- Lawsuit type
- Employment
- Reported harm
- Other
Participation information
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Sources
Public reporting associated with this case.
- Schlumberger 401(k) Forfeiture Management Class Action
news.bloomberglaw.com ·