1 month ago
InsuranceNewsNet
For a “neutral” regulation, the Labor Department’s ESG rule is attracting a lot of opposition on its rollout. “It's a pretty significant amount of neutrality, frankly, that goes into the final rule. The AGs claim that the rule removed protection for retirement plan participants, and that the DOL overstepped its authority under ERISA with an arbitrary and capricious regulation. ESG rule drew 'clear dividing lines'“In that case, the Second Circuit told the blue states they didn't have standing. “As far as the merits of the litigation go, this new litigation against the so-called ESG rule is probably not that strong a case purely as a legal matter.
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