5th Circuit Lets DOL Drop Appeals Concerning 2024 ERISA Fiduciary Rule

( December 4, 2025, 9:23 AM EST) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals has granted a request by the U.S. Department of Labor (DOL) to dismiss consolidated appeals the agency filed under the Biden administration; the appeals challenged July 2024 rulings that imposed a nationwide stay of the effective date of a 2024 DOL Retirement Security Rule that redefines and broadens who is an investment advice fiduciary under the Employee Retirement Income Security Act....