A sixth lawsuit against the Department of Labor, brought by ThriventFinancial for Lutherans, is not trying to block the fiduciary rule.

In fact, the lawsuit, unlike the other claims against the DOL,does not even challenge the “validity” of the rule, according toThrivent’s complaint. Thrivent is a non-profit fraternal benefitsociety that provides financial services and insurance products to2.5 million Christians across the country.

All Thrivent is asking of the U.S. District Court for theDistrict of Minnesota is for relief from the provision of therule’s Best Interest Contract Exemption that prohibitsclass-action waivers in the contracts.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.