Battle Over New DOL Fiduciary Rule Has Just Begun

September 3, 2024 by Melanie Waddell

The decisions by two federal district courts in Texas to stay the Labor Department’s fiduciary rule and its exemptions are “a very significant set of court decisions,” Brad Campbell, partner at Faegre Drinker in Washington, said on the firm’s recent Inside the Beltway webcast.

“But it’s also technically just the first step in a litigation process that is going to be playing out for the next however many months and/or years it takes the courts to play it out,” said Campbell, a former head of Labor’s Employee Benefits Security Administration.

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Originally Posted at Think Advisor on August 27, 2024 by Melanie Waddell.