American Securities Association v. United States Department of Labor et al

  1. June 14, 2023

    5 Important Benefits Rulings From The 1st Half Of 2023

    A Texas federal court ruled against Affordable Care Act preventive care coverage mandates, the Seventh Circuit revived a retirement plan mismanagement case brought by Northwestern University workers and the Tenth Circuit refused to force arbitration of an employee stock ownership plan lawsuit. Here are five rulings from the first six months of 2023 that benefits lawyers should have on their radar.

  2. February 13, 2023

    Securities Group Wins Partial Invalidation Of ERISA Guidance

    A Florida federal judge on Monday partially granted a securities industry group's request to invalidate guidance from the U.S. Department of Labor describing when retirement plan rollover recommendations constitute investment advice, finding that the policy contained in an FAQ document conflicted with federal benefits and administrative procedure laws.  

  3. August 22, 2022

    DOL Asks Court To Kill Industry Group's ERISA Guidance Suit

    The U.S. Department of Labor told a Florida federal court that a challenge to agency guidance about ERISA fiduciary standards brought by the American Securities Association should go no further, arguing that the trade group is trying to illegitimately alter its complaint.

  4. June 27, 2022

    DOL Seeks To Toss 'Downright Bizarre' ERISA Guidance Suit

    The U.S. Department of Labor urged a Florida federal court to toss an American Securities Association suit claiming agency guidance illegally imposed new obligations under federal benefits law, arguing that the guidelines weren't required to go through formal rulemaking procedures.

  5. February 09, 2022

    Securities Group Sues DOL Over ERISA Fiduciary Guidance

    The American Securities Association sued the U.S. Department of Labor in Florida federal court Wednesday, claiming agency guidance from April flouted federal administrative procedure laws and unlawfully imposed new obligations on financial professionals under the Employee Retirement Income Security Act.