In what is considered the most wide-ranging of the lawsuits brought against the U.S. Department of Labor’s fiduciary rule, Judge Barbara Lynn, the chief U.S. district judge for the Northern District of Texas, heard four hours of arguments in front of a standing room-only crowd.
The case, Chamber of Commerce of the United States et al v. U.S. Department of Labor, consolidated three claims challenging the legality of the Labor Department's rule, and includes the Securities Industry and Financial Markets Association, the Financial Services Institute, the Financial Services Roundtable, the Insured Retirement Institute, and Texas Chamber of Commerce affiliates as plaintiffs.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
