02.20.25

Judge Gives DOL 60 Days to Mull Fiduciary Rule Appeal

by: Melanie Waddell

A federal judge for the U.S. Fifth Circuit Court of Appeals granted a motion filed by the Department of Labor (DOL) to delay its appeals in two court cases about the department’s fiduciary rule. Judge Catharina Haynes granted the DOL’s unopposed motion to stay proceedings in the cases to allow new DOL officials sufficient time to become familiar with the issues in these cases and determine how they wish to proceed. The fiduciary rule was previously finalized by the department and scheduled to take effect Sept. 23, 2024, but hit legal roadblocks in the form of complaints filed by industry firms and member organizations.

Read the full article on Think Advisor