NAFA seeks emergency injunction to stay DOL rule

December 7, 2016 by Kristen Beckman

The National Association for Fixed Annuities filed an emergency motion for an injunction pending appeal with the U.S. Court of Appeals for the District of Columbia Circuit.

The motion asks for a delay of 10 months at a minimum but says a two-year delay is warranted.

The association is appealing an order and memorandum opinion of the federal district court issued Nov. 4 denying NAFA’s application for a preliminary injunction and motion for summary judgement in its lawsuit against the U.S. Department of Labor’s fiduciary rule, and a subsequent district court order issued Nov. 23 denying NAFA’s motion for an injunction pending appeal.

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Originally Posted at LifeHealthPro on December 1, 2016 by Kristen Beckman.