States Ask For Review Of DOL Rule Overturn
May 17, 2018 by John Hilton
California, New York and Oregon filed a last-minute, long-shot appeal for a court to reconsider its request for a full review of its decision to toss the Department of Labor fiduciary rule.
The Fifth Circuit Court of Appeals had denied the states’ request for appeal in a May 2 decision. Wednesday was the deadline for the states to appeal that decision.
In its appeal, the states’ attorneys noted that the federal government is not appealing the Fifth Circuit’s March 15 decision tossing out the controversial Obama-era fiduciary rule.
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