Los Angeles partner Bruce Ashton was quoted in the Financial Advisor article “Court May Postpone Fiduciary Rule Decision to Give DOL Time for Review.” The article explores whether the U.S. Court of Appeals for the Fifth Circuit will postpone its appellate decision on the Department of Labor (DOL) fiduciary rule, in order to give the Department of Labor time to complete a regulatory review of the rule.

Bruce said, “It strikes me that the court will want to delay issuing a ruling that would disrupt the DOL’s regulatory re-review, which could make the court’s decision moot…[c]ourts simply don’t like to be put in the position where their decision is made moot by other events.”

Read “Court May Postpone Fiduciary Rule Decision To Give DOL Time For Review.”

Source: Financial Advisor
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