In June, the U.S. Department of Labor published a Request for Information, or RFI, related to the rule and whether to delay its full implementation. The rule, released in April 2016, mandates financial professionals who service individual retirement accounts, including IRAs and 401(k) plans, to serve the “best interest” of the savers and disclose conflicts of interest.
Plaintiff Grant & Eisenhofer PA alleges in its lawsuit, filed in the U.S. District Court for the District of Columbia last week, that one of its former attorneys allegedly breached his duty to the firm and acted unethically. The firm filed a separate but related lawsuit earlier this month, seeking to recover millions in fees and costs it incurred in representing a California whistleblower.
Last week, more than 150 groups and organizations sent a letter to members of the U.S. Senate Judiciary Committee, urging them to oppose any “ill-considered efforts” that would split the U.S. Court of Appeals for the Ninth Circuit. So far, three such bills have been introduced in Congress this year.
Plaintiff Brave Law Firm LLC, based in Wichita, filed its complaint in the U.S. District Court for the District of Kansas last month. Brave alleges a group of Wichita-based law firms owned by attorney Bradley Pistotnik have been engaging in false advertising for years, in turn hurting Brave’s business.
The U.S. Department of Labor’s Office of Labor-Management Standards published its notice in June, explaining it intends to rescind the rule, first published by the DOL in March 2016. The rule, or Persuader Advice Exemption Rule, effectively eliminates the “advice exemption” under the Labor Management Reporting and Disclosure Act.
The U.S. Department of Labor and its new secretary, R. Alexander Acosta, last week notified a Minnesota federal court that it submitted to the Office of Management and Budget, or OMB, proposed amendments to three exemptions. The proposed amendments include an “extension of transition period and delay of applicability dates” from Jan. 1, 2018 to July 1, 2019.
In July 2013, a state Supreme Court issued 381 warrants directed at Facebook upon a warrant application by the New York County District Attorney’s Office. The warrants sought subscriber information and content from numerous user accounts in connection with a pending criminal investigation into allegations of widespread Social Security Disability fraud.
The Illinois-based industrial manufacturer, after having its lawsuit dismissed by an Illinois federal judge in March, has filed another lawsuit against Philadelphia-based Shein Law Center and attorney Benjamin P. Shein, claiming the firm “devised and implemented a scheme” to defraud JCI and others. JCI filed its complaint in the U.S. District Court for the Eastern District of Pennsylvania May 12.