On June 21, the 5th Circuit Court of Appeals issued a mandate that made effective the Court’s March 15 decision vacating – in full – the Department of Labor (DOL) fiduciary duty rule.  The mandate also required the DOL to reimburse plaintiffs for their legal costs to appeal.

The Court was expected to hand down its mandate on May 7 but delayed action for several weeks when AARP and three states fought to defend the rule when it became clear that the Department of Justice (acting on behalf of the DOL) would not do so.

More information is available HERE.  The Court’s formal mandate is available HERE.