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Fifth Circuit Grants DOL Another Extension in Fiduciary Rule Lawsuit
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Apr. 16, 2025 "[The Fifth Circuit] granted the [DOL's] request for another 60 days to consider its next steps in two court cases challenging the department's 2024 Retirement Security Rule ... extend[ing] the existing abeyance ... to June 16, 2025.... The rule was scheduled to take effect on September 23, 2024, but hit legal roadblocks in the form of complaints filed by industry firms and member organizations." [FACC. v. DOL, No. 24-0163 (E.D. Tex. Jul. 25, 2024) consol. on appeal to 5th Cir with No. 24-10890, ACLI v. DOL, No. 24-0482 (N.D. Tex. Jul. 26, 2024)] MORE >> |
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