The retirement industry trade group that lost its court case inTexas against the Department of Labor’s fiduciary rule has filedan appeal today in the U.S. Court of Appeals for the FifthCircuit.

The U.S. Chamber of Commerce and its co-plaintiffs appealed theruling of Chief Judge Barbara Lynn of the Northern District ofTexas that upheld the fiduciary rule. The group had challenged theDOL’s authority on eight counts, all of which Judge Lynn rejectedin her 81-page ruling.

The Chamber’s co-plaintiffs include the Insured RetirementInstitute, the Securities Industry and Financial MarketsAssociation, and the Financial Services Roundtable, amongothers.

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