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A team of California and Texas law firms overcame a challenge to a certified class action against Fringe Benefit Group for about 300,000 participants across thousands of retirement and health benefits plans in two trusts.
Plaintiffs seek to disgorge Fringe Benefit Group companies of "ill-gotten profits" realized through excessive fees charges against employees that contributed to the trusts through their employer, according to the opinion authored by Circuit Judge Carl E. Stewart of the U.S. Court of Appeals for the Fifth Circuit.
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Adolfo Pesquera
Adolfo Pesquera, based in San Antonio, covering Texas courts. Contact at [email protected]. On Twitter: @Adolfo_PEZ
