DOL files to consolidate 3 fiduciary suits

June 21, 2016 by Melanie Waddell

The Department of Labor filed a motion Friday requesting that the three lawsuits pending in the U.S. District Court for the Northern District of Texas challenging DOL’s fiduciary rule be consolidated.

The plaintiffs agreed to consolidation in a Monday response, but insisted that each of the cases be allowed to “retain their separate identities” and move forward “expeditiously.”

DOL stated in its Friday motion that consolidation is appropriate because all three actions “challenge the same agency rule-making and present substantially the same legal issues,” and that such consolidation would avoid duplicated proceedings.

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Originally Posted at LifeHealthPro on June 20, 2016 by Melanie Waddell.