DOL Delays Release Of Final Persuader Activity Rule

Law360, New York (November 27, 2013, 4:57 PM EST) -- The U.S. Department of Labor on Wednesday pushed back its target date for issuing a final rule narrowing the advice exemption to the Labor-Management Reporting and Disclosure Act — which could saddle law firms with significant new reporting requirements — to March 2014.

The final regulations were originally slated to be released in November, but an update to a regulatory website on Wednesday revealed that the DOL is now shooting to unveil the final version in March.

The DOL first proposed the controversial regulatory change in June...
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