Most Claims Against AmEx In Benefit Plan Suit KO'd

Law360, New York (April 1, 2009, 12:00 AM EDT) -- A federal judge has dismissed the majority of claims against a unit of American Express Co. in a class action over an employee defined benefit plan funded by insurance contracts that was deemed an illegal tax shelter, leaving three claims standing.

Judge Jane J. Boyle of U.S. District Court for the Northern District of Texas ruled Tuesday that the plaintiffs, David Hildebrandt and his company Desert Vista Marketing Group Inc., did not make specific enough claims against American Express Tax & Business Services for two counts...
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