Fiduciary duty words through eyeglasses Even before the order on May 2 denying the motions to intervene, the consensus among attorneys was that AARP and the Attorneys General were facing long odds in convincing the 5th Circuit to rehear the case regarding the fiduciary rule. (Photo: Shutterstock)

The United States Court of Appeals for the Fifth Circuit has denied two motions from AARP and three state Attorneys General to intervene to defend the Labor Department’s fiduciary rule.

Last week, AARP and the attorneys general from California, Oregon, and New York filed motions to intervene, requesting an en banc rehearing of the 5th Circuit’s March decision that vacated the fiduciary rule.

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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.

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