Trade Organization And Others Sue DOL Over New ERISA Fiduciary Definition

(May 3, 2024, 2:30 PM EDT) -- TYLER, Texas — Seeking vacatur of a new rule that redefines and broadens who is an investment advice fiduciary under the Employee Retirement Income Security Act, parties including trade organization Federation of Americans for Consumer Choice Inc. (FACC) sued the U.S. Department of Labor (DOL) and its acting secretary in Texas federal court on May 2....