DC Circ. Expedites Challenge To SEC FIA Rule

Law360, New York (February 4, 2009, 12:00 AM EST) -- The federal appeals court overseeing several insurance companies' challenge to a U.S. Securities and Exchange Commission rule that treats fixed index annuities as securities has agreed to expedite its review of the matter, clearing the way for oral arguments to possibly take place in late April.

On Tuesday, the U.S. Court of Appeals for the District of Columbia Circuit issued an order laying out schedule for expedited briefing of the challenge, which was lodged Jan. 16, the same day the rule at issue, Rule 151A, was...
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