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

  1. June 21, 2018

    DOL's Fiduciary Rule's Demise Made Official By 5th Circ.

    The Fifth Circuit on Thursday closed the book on the U.S. Department of Labor's controversial 2016 fiduciary rule, which required retirement advisers to act in the best interest of clients, issuing a mandate that officially vacates the rule three months after a divided panel invalidated it.  

  2. June 06, 2018

    Insurers Ask 5th Circ. To Definitively End Fiduciary Rule

    A collection of insurance industry groups asked the Fifth Circuit on Wednesday to issue a mandate ordering the U.S. Department of Labor to strike down its fiduciary rule, which requires retirement advisers to act in clients' best interest, in the wake of the court's March decision to invalidate the rule.

  3. May 22, 2018

    5th Circ. Axes States' Bid To Revive DOL Fiduciary Rule Suit

    The Fifth Circuit on Tuesday deflated workers' advocates' hopes that a trio of states could rally to save the U.S. Department of Labor's fiduciary rule, with the court striking down an attempt by the California, Oregon and New York attorneys general to revive litigation over the retirement-savings rule.

  4. May 17, 2018

    Calif., NY, Ore. Push On In Fiduciary Rule Case

    The attorneys general of California, New York and Oregon showed on Wednesday that they aren't ready to give up the fight to save the U.S. Department of Labor's fiduciary rule, asking the full Fifth Circuit for permission to intervene in the case after a three-judge panel wouldn't let them.

  5. May 02, 2018

    5th Circ. Won't Rethink Invalidation Of DOL Fiduciary Rule

    The Fifth Circuit shot down attempts by AARP and the attorneys general from California, New York and Oregon to revive the U.S. Department of Labor's 2016 fiduciary rule on Wednesday in a move that attorneys think could be the final nail in the coffin for the Obama-era regulation.

  6. April 26, 2018

    AARP, AGs Fight Invalidation Of Fiduciary Rule At 5th Circ.

    AARP and the attorneys general of California, New York and Oregon urged the full Fifth Circuit on Thursday to overturn a panel decision that invalidated the U.S. Department of Labor's 2016 fiduciary rule, saying the rule is necessary to protect the retirement savings of millions of workers.

  7. March 16, 2018

    DOL Direction Sought After Fiduciary Rule Nixed By 5th Circ.

    A Fifth Circuit ruling vacating the U.S. Department of Labor's fiduciary rule for retirement account advisers has created confusion across a broad swath of the U.S. investment landscape that will only be resolved once the DOL decides whether to drop the case or pursue it on appeal, legal experts said Friday.

  8. March 15, 2018

    Split 5th Circ. Vacates DOL's Obama-Era Fiduciary Rule

    A split Fifth Circuit panel on Thursday vacated the U.S. Department of Labor's fiduciary rule for retirement account advisers, with the majority finding the agency overstepped its authority and that the Obama-era rule's redefinition of "fiduciary" was unreasonable.

  9. 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.

  10. 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."