Stradley Ronon Counsel George Michael Gerstein was quoted in the
Ignites article, "Thrivent Turns Away DOL's 'Gift Horse' in Lawsuit," which discussed the Department of Labor's position in a lawsuit involving class action issues.
"The DOL is in the unenviable position of both defending the Obama-era fiduciary rule while simultaneously reviewing, and likely revising, the rule in accordance with President Trump’s directive," Gerstein says. "I think the class action issue under the Best Interest Contract Exemption remains in play and the DOL’s pronouncements in the recent litigation confirm that."
To read the full article, click here (subscription required).