Fall in Exxon stock leads employee to sue over company’s 401 (k)

A retired engineer from Exxon Mobil Corp. alleges the giant energy company violated its responsibility to protect employee financial interests by continuing to offer Exxon Mobil stock for its 401(k) retirement plan while knowing the company’s stock was artificially inflated in value, according to a lawsuit filed in U.S. District Court in Houston last week. …

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