D.C. Circuit Panel Denies NAFA Motion For Injunction Pending Fiduciary Rule Appeal

(January 6, 2017, 4:01 PM EST) -- WASHINGTON, D.C. — A District of Columbia Circuit U.S. Court of Appeals panel on Dec. 15 denied an emergency motion filed by the National Association of Fixed Annuities (NAFA) for an injunction pending appeal from an order and opinion of the U.S. District Court for the District of Columbia denying NAFA’s application for a preliminary injunction and motion for summary judgment in its lawsuit against the U.S. Department of Labor’s (DOL) fiduciary rule, which is set to be implemented April 10 (National Association for Fixed Annuities v. U.S. Department of Labor, et al., No. 16-5345, D.C. Cir.)....

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