Fiduciary Opponents to DOL: See You in Court?

April 8, 2016 by John Hilton

Opponents and analysts of the Department of Labor’s controversial fiduciary rule long predicted litigation would greet its publication.

Now that the final rule is out, insiders are even more convinced that lawsuits are on the way.

“While the Department of Labor addressed many of the concerns expressed during the comment period, the final regulation still constitutes a dramatic expansion of fiduciary status and creates a lot of uncertainty,” said Patrick DiCarlo, a lawyer specializing in employee benefits and ERISA litigation for Alston & Bird.

“There will almost certainly be a wave of expensive and unpredictable litigation.” Click HERE to view full article 

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Originally Posted at Insurancenewsnet on April 8, 2016 by John Hilton.