States trying to save DOL fiduciary rule appeal rejection of effort to intervene

May 17, 2018 by Mark Schoeff Jr.

Another attempt to appeal a federal court ruling striking down the Labor Department’s fiduciary rule is keeping the measure viable for now, but it still faces long odds of defying death.

California, New York and Oregon filed a motion late Wednesday in the 5th Circuit Court of Appeals, seeking a rehearing of a May 2 ruling ruling by a three-judge panel that rejected their request to enter the case as defendants.

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Originally Posted at InvestmentNews on May 17, 2018 by Mark Schoeff Jr..