Vacated the DOL Fiduciary Rule last night. Just eviscerated it.
The NYT calls the decision "strongly worded." Which for the staid paper of record is saying something.
Looks like DOL may ask for a rehearing en banc, because the ruling abrogates their rulemaking authority in the future.
By my count, 15 Republican and 6 Democratic appointees on the 5th Circuit Court of Appeals. There was a reason the original suit was filed in Texas.
DOL would probably be best served (if this is serious), going to the Supreme Court.