In Fund Action, Investment Management Counsel Discusses State Appeals of DOL Rule Decision

In The News
May 29, 2018

California, New York and Oregon asked the Fifth Circuit Court of Appeals to reconsider a decision denying their motion to defend the Department of Labor’s fiduciary rule on May 16. A May 17 article in Fund Action titled “States make another plea for DOL rule” quotes investment management counsel David Tittsworth on the latest effort. The latest effort could prove a final chapter for the DOL’s fiduciary rule, Mr. Tittsworth explained. The judges are unlikely to come to a different conclusion since the states are armed with the same arguments the panel already found unconvincing, added Mr. Tittsworth.