Court grants Trump administration’s request to pause fiduciary rule lawsuits

February 19, 2025 by Brian Croce

A federal judge has approved a Department of Labor request to pause two cases challenging the DOL’s Biden-era fiduciary investment advice rule so that Trump administration officials can familiarize themselves with the pending litigation.

The Department of Justice, on behalf of the DOL, filed the motion Feb. 11 with the 5th U.S. Circuit Court of Appeals in New Orleans, seeking to temporarily halt the cases “to allow new DOL officials sufficient time to become familiar with the issues in these cases and determine how they wish to proceed.”

Read the story at  P&I

Originally Posted at Pensions & Investments on February 18, 2025 by Brian Croce.