DOL Fiduciary Rule Challengers Leave Nothing To Chance
By Carmen Germaine (June 2, 2016, 10:59 PM EDT) -- Industry groups filing a lawsuit challenging the U.S. Department of Labor's fiduciary rule have covered all their bases in an effort to increase their chances of success, backing up novel administrative law claims with a First Amendment claim and filing in an injunction-friendly Dallas federal court, experts said.
Industry groups argue the DOL overstepped its authority and that the new regulations will harm retirement savers. (Credit: Law360) The U.S. Chamber of Commerce, the Securities Industry and Financial Markets Association and six other national and local industry groups filed the lawsuit late Wednesday to halt the final rule imposing a fiduciary duty...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!