Insights & News

George Michael Gerstein Quoted in Ignites Regarding DOL's Position

July 19, 2017
Press Clippings
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."

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