The retirement industry trade group that lost its court case inTexas against the Department of Labor’s fiduciary rule has filedan appeal today in the U.S. Court of Appeals for the FifthCircuit.
|The U.S. Chamber of Commerce and its co-plaintiffs appealed theruling of Chief Judge Barbara Lynn of the Northern District ofTexas that upheld the fiduciary rule. The group had challenged theDOL’s authority on eight counts, all of which Judge Lynn rejectedin her 81-page ruling.
|The Chamber’s co-plaintiffs include the Insured RetirementInstitute, the Securities Industry and Financial MarketsAssociation, and the Financial Services Roundtable, amongothers.
|For more on their original arguments, and Judge Lynn’s responsesto them, see “Texas court upholds fiduciary rule.”
|Additionally, for all of our years of coverage on the DOLfiduciary rule, see our DOL Fiduciary Rule page.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
