Neither motions address the substance of the decision to vacate the fiduciary rule, but rather argue AARP and the states' standing to intervene. AARP's filing notes the dissent in the 5th decision, and that the 10th Circuit Court of Appeals upheld the fiduciary rule, albeit on more narrow grounds. (Photo: Shutterstock)
AARP and three states have filed separate motions asking to defend the Labor Department's fiduciary rule in the 5th Circuit Court of Appeals.
Last month, the 5th Circuit vacated the rule in a 2-to-1 decision, with the court's chief judge dissenting.
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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.
