Texas Federal Judge Denies Groups’ Motions Challenging DOL’s Fiduciary Duty Rule

(February 10, 2017, 2:35 PM EST) -- DALLAS — A Texas federal judge on Feb. 8 denied motions for summary judgment in consolidated  cases filed by the U.S. Chamber of Commerce (COC) and other groups opposed to the U.S. Department of Labor’s (DOL) new “fiduciary rule” set to take effect April 10, saying that the DOL has not exceeded its authority and that the new rule does not violate the Employee Retirement Income Security Act (Chamber of Commerce of the United States of America, et al. v. Edward Hugler, Acting Secretary of Labor, et al., No. 3:16-cv-1476, consolidated with  3:16-cv-1530,  3:16-cv-1537,  N.D. Texas; 2017 U.S. Dist. LEXIS 17619)....

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