ABA Knocks Proposal To Shrink LMRDA Advice Exemption

Law360, New York (September 22, 2011, 1:03 PM EDT) -- The American Bar Association urged the U.S. Department of Labor on Wednesday to reconsider a proposed rule that would narrow the so-called advice exemption to the Labor-Management Reporting and Disclosure Act's reporting requirements, saying the change would force lawyers to disclose confidential client information.

The proposed rule, which the DOL announced in June, would revise and substantially narrow the scope of the agency's interpretation of the term "advice" as it pertains to the “persuader activities” reporting requirements of Section 203 of the LMRDA.

Section 203 requires...
To view the full article, register now.