A team of California and Texas law firms overcame a challenge to a certified class action against fiduciaries for about 300,000 participants in retirement, health, and fringe-benefits plans.

The class action seeks to disgorge Fringe Benefit Group (FBG) companies of "ill-gotten profits" realized through excessive fees charges against employees who contributed to the plans 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.

Lead plaintiff is Heriberto Chavez. Plaintiffs were employees of San Antonio-based Training, Rehabilitation & Development Institute Inc. Chavez alleges fees taken from his health and welfare account were "depleted more than it otherwise would have been if the fees had been reasonable."

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Adolfo Pesquera

Adolfo Pesquera, based in San Antonio, covering Texas courts. Contact at [email protected]. On Twitter: @Adolfo_PEZ

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