Calif. Federal Judge Refuses To Certify Class In Suit Alleging Fees Are Excessive

Mealey's (September 2, 2015, 1:58 PM EDT) -- LOS ANGELES — A California federal judge on Aug. 28 denied a motion for class certification in a suit alleging that administrative and management fees charged by a retirement plan provider are excessive because the requirement of predominance is not satisfied as there are numerous individual questions that would have to be answered based on a plan-by-plan analysis (Jaclyn Santomenno et al. v. Transamerica Life Insurance Co. et al., No. 12-02782, C.D. Calif.; 2015 U.S. Dist. LEXIS 114829).

(Opinion available. Document #54-150909-047R.)

Jaclyn Santomenno and a...
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