Court of Appeals for the Fifth Circuit April 5, 1990, 89-1493 (Roy A. Herberger, Trustee for the Lee Optical and Associated Companies Pension Plan Trust v. Theodore Shanbaum)

W. EUGENE DAVIS, Circuit Judge:

Theodore Shanbaum (Shanbaum) appeals the district court’s holding that Roy Her-berger (Herberger), the trustee of Shanb-aum’s pension plan, may offset an amount Shanbaum owes to the plan against Shanb-aum’s monthly pension benefits. We reverse.

I.

Shanbaum, along with Ellis Carp and Glen Auerbach, were the three principal shareholders of Lee Optical, Inc.