Judge Denies NAFA Injunction Request Against DOL Rule
November 8, 2016 by John Hilton
Judge Randolph D. Moss denied a motion for a preliminary injunction today by the National Association for Fixed Annuities in its lawsuit to stop the Department of Labor fiduciary rule.
As part of the ruling in District of Columbia District Court, Moss granted the DOL request for summary judgment.
Moss presided over an August 25 hearing in which he challenged NAFA attorney Philip Bartz with lengthy questioning. Bartz could not be reached for comment, but analysts have said an appeal is likely.
The judge delivered a 92-page ruling that meticulously addresses the six claims raised by the plaintiffs. Sources connected with the case have said they expected Moss to deliver a carefully thought-out ruling that could survive an appeal.
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