DOL Seeks Consolidation Of 3 Cases Challenging Its New Fiduciary Rule

Mealey's (June 21, 2016, 2:43 PM EDT) -- DALLAS — The U.S. Department of Labor (DOL) on June 17 filed an unopposed motion in Texas federal court to consolidate three cases challenging its new “fiduciary rule” (Chamber of Commerce of the United States of America, et al. v. Thomas E. Perez, Secretary of Labor, et al., No. 3:16-cv-1476, N.D. Texas).

(Motion available. Document #54-160713-029M.) Two groups that represent sellers of fixed annuities recently filed motions in federal courts in Kansas and Washington, D.C., seeking a preliminary injunction to stay the rule, scheduled to become...
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