Plaintiffs Appeal Texas Decision on DOL Rule
February 27, 2017 by John Hilton
A group of plaintiffs, led by the U.S. Chamber of Commerce, are appealing a Texas decision upholding the Department of Labor fiduciary rule.
Judge Barbara M.G. Lynn awarded a summary judgment to the DOL on Feb. 8, the third court to side [with] the government on the controversial rule.
“We remain confident in the merits and strength of our case and stand by our assertion that the Department of Labor exceeded its authority,” the plaintiffs, which include the Insured Retirement Institute, the American Council of Life Insurers and the Financial Services Institute, said in a joint statement.
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