At DOL’s Request, 5th Circuit Stays Appeals Concerning ERISA Fiduciary Rule

( February 18, 2025, 11:22 AM EST) -- NEW ORLEANS — Noting that the U.S. Department of Labor (DOL) motion to hold consolidated appeals in abeyance was unopposed, a Fifth Circuit U.S. Court of Appeals judge on Feb. 14 granted a 60-day stay in the challenges of July rulings that imposed a nationwide stay of the effective date of the DOL Retirement Security Rule that redefines and broadens who is an investment advice fiduciary under the Employee Retirement Income Security Act....