Aviva Beats Class Action Over Benefit Plan's Tax Claims

Law360, Los Angeles (December 17, 2012, 4:57 PM EST) -- A Texas federal judge on Friday threw out a consumer class action by Washington state physicians and dentists accusing Aviva Life and Annuity Co. of improperly marketing a tax-free benefit plan without disclosing IRS concerns over its legality.

Dr. Wing C. Chau and other doctors alleged in the action filed in Washington state court in 2009 that Aviva defrauded them by creating a “tax-sheltered investment" vehicle that it told them would provide tax-free funds for retirement but which only gave them a death payment.

The trust...
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