Federal Judge Could Hear Fiduciary Rule Arguments by Nov. 1
June 28, 2016 by Cyril Tuohy
Plaintiffs have reached agreement with the Department of Labor on a schedule that will have attorneys making oral arguments on the fiduciary rule before a judge by the end of October.
That is just a little more than five months before the first clauses of the regulation are scheduled to take effect. Still, the proposed agenda will serve the interests of “judiciary economy and efficiency,” the parties said in a joint legal filing.
The filing concerns a consolidated lawsuit filed against the DOL in U.S. District Court Northern District of Texas. Plaintiffs include a range of groups, including the U.S. Chamber of Commerce. Two additional lawsuits were filed in Kansas and Washington, D.C. district courts.
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