DOL Scales Back Disclosure Rules For Union Officials

Law360, New York (October 26, 2011, 7:27 PM EDT) -- The U.S. Department of Labor's Office of Labor-Management Standards announced Wednesday that it was easing its conflict-of-interest disclosure requirements for union officials.

The new rule requires union officials to only disclose information involving "actual or likely" conflicts between the official's personal financial interest and his or her duties to the union. The rule concerns Form LM-30, known as the Labor Organization Officer and Employee Report.

The announcement effectively reverses a rule published in 2007 that mandated expanded disclosure of the financial interests of union officials. That...
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