Brad Campbell Discusses the DOL’s Fight Against Fiduciary Rule Injunctions in Law360

In Law360’s article “4 ERISA Cases To Watch In The 2nd Half of 2025,” benefits and executive compensation partner Brad Campbell discussed the U.S. Department of Labor's challenge to a pair of injunctions blocking Biden-era regulations that broaden who qualifies as an investment advice fiduciary under federal benefits law.

Law360 reported that there has been a push by the DOL to upend two federal court rulings blocking regulations expanding the definition of an ERISA fiduciary. The suits each employed a slightly different strategy to target the DOL's package of final regulations, which include a final rule broadening the definition of an ERISA investment advice fiduciary and three sets of changes to ERISA-prohibited transaction exemptions.

Campbell said the changes finalized by the DOL in April "would have been a really significant series of, in my view, largely negative changes, and it would have perpetuated the department's effort to regulate IRAs in a way that the statute never intended."

The full article is available to Law360 subscribers.