Chamber of Commerce of the USA, et al v. U.S. Department of Labor, et al

  1. July 27, 2017

    Biz Groups Say Piwowar's Letter Backs Nixing Fiduciary Rule

    Business groups and insurance companies that have asked the Fifth Circuit to strike down the Department of Labor’s fiduciary rule touted on Wednesday the support of U.S. Securities and Exchange Commission member Michael Piwowar, saying his recent criticism of the rule should weigh on the appeals court’s decision.

  2. July 21, 2017

    Biz Groups Continue 5th Circ. Attack On DOL Fiduciary Rule

    Several financial and insurance industry groups, including the U.S. Chamber of Commerce, urged the Fifth Circuit on Thursday to rule against the U.S. Department of Labor’s fiduciary rule for retirement account advisers, saying the rule’s definition of a fiduciary “defies centuries of precedent.”

  3. July 7, 2017

    AARP, Worker Group Defend Fiduciary Rule At 5th Circ.

    The AARP, the National Employment Law Project and other groups filed an amicus brief Thursday urging the Fifth Circuit to uphold the U.S. Department of Labor’s fiduciary rule for retirement account advisers, criticizing the agency’s recent 180 on the rule's prohibition on class action waivers.

  4. July 5, 2017

    DOL Drops Class Action Clause But Defends Fiduciary Rule

    The U.S. Department of Labor on Monday defended its fiduciary rule for retirement account advisers against a Fifth Circuit challenge, saying the Obama administration reasonably expanded the definition of fiduciary, but agreeing to drop a controversial prohibition on class action waivers.

  5. May 9, 2017

    Fiduciary Rule Flouts First Amendment, 5th Circ. Told

    The Washington Legal Foundation submitted an amicus brief Tuesday urging the Fifth Circuit to rule against the U.S. Department of Labor’s fiduciary rule for retirement account advisers, telling the appellate court the rule improperly restricts the speech of broker-dealers and investment advisers.

  6. May 3, 2017

    Fiduciary Rule Exceeds DOL’s Authority, 5th Circ. Told

    Several financial industry and insurance groups told the Fifth Circuit on Tuesday that the U.S. Department of Labor exceeded its “narrow authority” and flouted longstanding distinctions between fiduciaries and salespeople in developing its fiduciary rule for retirement account advisers.

  7. April 6, 2017

    5th Circ. Won’t Halt DOL's Delayed Fiduciary Rule

    The Fifth Circuit on Wednesday declined to enjoin the U.S. Department of Labor’s fiduciary rule for retirement accounts, despite claims from industry groups challenging the rule that the agency’s own 60-day pause isn’t long enough.

  8. April 3, 2017

    Biz Groups Tell 5th Circ. Fiduciary Rule Delay Not Enough

    A coalition of business groups suing over the U.S. Department of Labor’s fiduciary rule for retirement account advisers told the Fifth Circuit on Friday that the agency’s “patchwork relief plan” isn’t enough to forestall damage from the rule, and that staying the rule altogether would benefit the DOL as well.

  9. March 29, 2017

    DOL Fights Request To Halt Fiduciary Rule At 5th Circ.

    The U.S. Department of Labor on Wednesday urged the Fifth Circuit not to halt its fiduciary rule for retirement account advisers while the U.S. Chamber of Commerce and other groups attempt to revive their challenge of the rule, saying the “extraordinary relief” is not warranted.

  10. March 22, 2017

    Biz Groups Urge 5th Circ. To Pause DOL Fiduciary Rule

    The U.S. Chamber of Commerce and other groups asked the Fifth Circuit on Tuesday to halt the U.S. Department of Labor’s fiduciary rule for retirement account advisers while they attempt to revive their challenge of the rule, a day after being rebuffed by a Texas federal judge.