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The nearly two-week delay of a mandate from the U.S. Court of Appeals for the Fifth Circuit that would enforce a March decision vacating the Labor Department’s fiduciary rule is “very unusual,” says Jamie Fleckner, chair of the ERISA Litigation Practice at Goodwin.
Only the court knows why it hasn’t issued the mandate, which was expected May 7, Fleckner said.
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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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