We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Analysis

DOL Direction Sought After Fiduciary Rule Nixed By 5th Circ.

Law360 (March 16, 2018, 6:54 PM EDT) -- A Fifth Circuit ruling vacating the U.S. Department of Labor’s fiduciary rule for retirement account advisers has created confusion across a broad swath of the U.S. investment landscape that will only be resolved once the DOL decides whether to drop the case or pursue it on appeal, legal experts said Friday.

A split Fifth Circuit panel on Thursday jettisoned the Obama-era rule in its entirety, with the majority finding in favor of the U.S. Chamber of Commerce and other business groups that the agency overstepped its...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.