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NATIONAL ASSOCIATION FOR FIXED ANNUITIES v. UNITED STATES DEPARTMENT OF LABOR et al

  1. November 23, 2016

    Biz Group Loses Stay Bid In DOL Fiduciary Rule Challenge

    A D.C. federal judge on Wednesday denied a renewed request by a financial services industry group to block the U.S. Department of Labor's rule expanding the definition of a fiduciary for retirement account investment advisers, saying the court had already determined the DOL's interpretation was reasonable.

  2. November 04, 2016

    DOL Gets First Victory In Fiduciary Rule Challenges

    The U.S. Department of Labor's so-called fiduciary rule for retirement account investment advisers was promulgated after an adequate analysis and within the agency's authority, a D.C. federal judge ruled Friday, giving the government its first victory in one of many challenges to the new rule.

  3. August 25, 2016

    DOL Defends Authority For Fiduciary Rule In DC Court

    The D.C. federal judge presiding over the first major challenge to the U.S. Department of Labor's fiduciary rule said in court Thursday that he was puzzled over whether the agency had exceeded its authority by enabling investors to sue financial institutions under state contract law, suggesting such a right is normally conferred by Congress.

  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. July 11, 2016

    DOL Fiduciary Rule Can Save Investors $190B, Court Told

    The U.S. Department of Labor's new fiduciary rule for retirement investment advisers will save consumers anywhere from $95 billion to $189 billion over the next decade by reducing industry-pervasive conflicts of interest, the agency told a D.C. federal court Friday, denying the rule goes too far.