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Chamber of Commerce of the United States of America et al v. U.S. Department of Labor et al

  1. August 22, 2016

    Opponents Mischaracterize Fiduciary Rule, DOL Says

    The U.S. Department of Labor told a Texas federal judge Friday that new rules to force more retirement account advisers to act in their clients' best interests are a legal move to protect investors by closing conflict-of-interest loopholes that could have cost the public at least $100 billion over the next 10 years.

  2. August 09, 2016

    Life Insurers Say Fiduciary Rule Will Harm Annuity Trade

    The U.S. Department of Labor's new fiduciary rule, which requires retirement account investment advisers to act in their clients' best interest when recommending products, will "restrict consumers' access to annuity products," the annuities industry said in Texas federal court filings Monday.

  3. July 19, 2016

    Chamber, Others Say DOL Fiduciary Rule Needs The Ax

    The U.S. Chamber of Commerce and other business groups asked a Texas federal court Monday to strike down the U.S. Department of Labor's new fiduciary rule, saying the agency lacked the authority to promulgate the rule in the first place.

  4. July 12, 2016

    Securities Cases To Watch In The 2nd Half Of 2016

    The back half of 2016 promises to be exciting for securities lawyers, as the U.S. Supreme Court considers its first insider trading case in nearly 20 years, the D.C. Circuit prepares to rule on the U.S. Securities and Exchange Commission's administrative tribunal, and the U.S. Department of Labor defends challenges to its fiduciary rule.

  5. June 20, 2016

    Labor Dept. Asks To Merge Cases Protesting Fiduciary Rule

    The U.S. Department of Labor has asked a Texas federal court to consolidate three lawsuits from industry and trade groups challenging the department's new fiduciary rule, arguing the cases are relatively similar and consolidation would expedite the litigation. 

  6. June 02, 2016

    DOL Fiduciary Rule Challengers Leave Nothing To Chance

    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.

  7. June 02, 2016

    Industry Groups Sue To Stop DOL's Fiduciary Rule

    Eight industry and trade groups filed a lawsuit Wednesday in Texas federal court challenging the Department of Labor’s fiduciary rule, saying the department overstepped its authority in making the rule and that the new regulations will harm retirement savers.

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