US Department of Labor (DOL)
U.S. Government: Agencies/Departments/Divisions | Federal Agencies
Recent News About US Department of Labor (DOL)
-
Acosta, Trump’s pick to head DOL, says he will follow order to review fiduciary rule
R. Alexander Acosta, President Donald Trump’s labor secretary nominee, faced members of the U.S. Senate Health, Education, Labor and Pensions, or HELP, Committee during his confirmation hearing Wednesday. -
House Democrats argue DOL’s proposed delay of fiduciary rule could hurt savers
The U.S. Department of Labor said earlier this month it would move forward -- under the direction of President Donald Trump -- with its efforts to delay the April 10 applicability date of the new “conflicts of interest” rule. The department said under its proposal the applicability date of the rule and related exemptions would be extended to June 9. -
Appeals piling up against DOL over its fiduciary rule
A group of associations have filed an appeal in the U.S. Court of Appeals for the Fifth Circuit and a Kansas-based company has filed an appeal in the U.S. Court of Appeals for the Tenth Circuit over the controversial new rule. The rule 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. -
Texas federal judge upholds DOL’s fiduciary rule, denies motion to stay case
Judge Barbara M.G. Lynn, in a detailed 81-page order released Wednesday, shot down each of the plaintiffs’ major arguments, most notably deciding that the rule does not exceed the U.S. Department of Labor’s authority. -
Trump order seeks review of DOL’s fiduciary rule
The president’s order, signed Friday, instructs the U.S. Department of Labor to conduct a new study to determine whether the rule is likely to harm investors and the financial industry, and if it does, the rule can be rescinded or revised. -
Labor Department targets Vermont ESOP fiduciaries for allegedly violating ERISA
MONTPELIER, Vt. (Legal Newsline) — The U.S. Department of Labor (DOL) announced a lawsuit Jan. 5 against First Bankers Trust Services Inc. and Sonnax Industries Inc. and its owners for alleged violations of the Employee Retirement Income Security Act. -
GOP lawmaker introduces federal legislation aimed at delaying DOL’s fiduciary rule
The legislation, introduced by U.S. Rep. Joe Wilson of South Carolina Friday, would provide for a two-year delay of the U.S. Department of Labor’s fiduciary rule’s effective date. The rule 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. -
Attorneys for plaintiffs in lawsuit brought over DOL ‘persuader rule’ seek nearly $480,000 in fees
Houston law firm Ogletree Deakins Nash Smoak & Steward PC, Lubbock firm Bustos Law Firm PC and El Paso firm Kemp Smith LLP are hoping to recover a maximum of $479,834.50 in fees, but said in their motion they also would accept $323,442.63 or $222,645, depending on the rate used by the Texas federal court. -
Labor Department's Persuader Rule 'a dead duck,' attorney says
A rule that would have made attorney and client talks on union issues on the record was given a permanent injunction last week in federal court. -
Texas federal judge issues nationwide permanent injunction against U.S. Department of Labor’s ‘persuader rule’
The persuader rule, or Persuader Advice Exemption Rule, was meant to effectively eliminate the “advice exemption” under the Labor-Management Reporting Disclosure Act, or LMRDA. Basically, LMRDA requires employers to report each time they engage a consultant to persuade employees on how to use their collective bargaining rights. -
Non-profit group pushes Congress to stop new labor rules, including DOL’s potentially costly fiduciary rule
Those within the financial services community seem hopeful, with Donald Trump’s presidential win Tuesday, that the U.S. Department of Labor’s conflicts of interest rule is in play. -
Nevada Attorney General leads 21-state coalition against DoL's new overtime rule
CARSON CITY, Nev. (Legal Newsline) – Nevada Attorney General Adam Paul Laxalt announced this week the filing of a motion for preliminary injunction and request for expedited consideration on behalf of 21 coalition states in Nevada’s federal lawsuit against the U.S. Department of Labor’s new overtime rule. -
Labor Department targets Sentry Equipment Erectors owner for alleged ERISA violations
LYNCHBURG, Va. (Legal Newsline) — The U.S. Department of Labor recently filed a lawsuit against the fiduciaries of a Virginia-based employee stock ownership plan for allegations of failing to protect the assets of the plan. -
Christian financial services organization sues U.S. DOL over its fiduciary rule
Minneapolis-based Thrivent Financial for Lutherans argues the new rule, which, among other things, redefines the term fiduciaries, would subject it to penalties under federal law and would force it to agree contractually with its customers that they could participate in class actions against the organization. -
Attorney: U.S. SC should be tempted to review DOL's tip-pooling rule
SAN FRANCISCO (Legal Newsline) -- In a win for tipped employees and a blow to businesses in the restaurant and hospitality industry, the U.S.Court of Appeals for the Ninth Circuit recently refused to rehear a case regarding a controversial tip-pooling regulation. -
WLF pushes Minn. federal court to strike down U.S. Department of Labor’s ‘persuader rule’
In its brief, the Washington Legal Foundation contends the U.S. District Court for the District of Minnesota erred by holding at the preliminary injunction stage that the plaintiffs’ facial challenge to the Persuader Advice Exemption Rule can succeed only by showing that the rule would be invalid in all of its applications. -
TransAm Trucking denied appeal in alleged retaliation case
DENVER (Legal Newsline) – The U.S. Court of Appeals for the Tenth Circuit has denied a trucking company's request to overturn a decision that said it retaliated against a former employee who left a trailer on the side of the road. -
U.S. DOL argues new fiduciary rule will have ‘enormous’ benefits for investors
The Department of Labor, in a lawsuit brought by a group of trade associations in June, contends its conflicts of interest rule, despite the cost, better serves investors and aligns with other federal retirement laws. The department is asking a Texas federal court to rule in its favor. -
WLF to Arkansas federal court: U.S. Department of Labor’s ‘persuader rule’ is too ‘aggressive,’ should be struck down
The Washington Legal Foundation, a D.C.-based public interest law firm, recently filed an amicus brief in Associated Builders and Contractors of Arkansas v. Perez. The foundation, citing a recent Texas federal court ruling, argues the new Persuader Advice Exemption Rule violates First Amendment protections. -
Emergency physicians organization fights for fair payment from insurance companies
An emergency physicians’ organization is taking aim at a ruling that decides how much insurance companies compensate emergency physicians for their services.