DOL Drops Class Action Clause But Defends Fiduciary Rule

By Carmen Germaine · July 5, 2017, 5:34 PM EDT

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...

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Case Information

Case Title

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

Case Number

17-10238

Court

Appellate - 5th Circuit

Nature of Suit

2899 Other Statutes

Date Filed

March 01, 2017