Mr. Durbin is an associate in Davis Polk's Corporate Department, practicing in the Executive Compensation Group. [Full Bio]

Last week, the U.S. Court of Appeals for the Fifth Circuit, in a 2-1 decision, vacated the DOL fiduciary rule in its entirety.  The lawsuit was brought by the U.S. Chamber of Commerce, SIFMA and a number of other business groups to challenge the validity of the fiduciary rule,
Continue Reading

As a follow-up to our prior post, the OMB has approved the DOL’s proposal to delay the full applicability date of the exemptions related to the fiduciary rule and shortly thereafter the DOL has issued a proposed rule that would further delay the applicability date of the currently-delayed requirements
Continue Reading

The U.S. Department of Labor (DOL) has taken new steps to delay the full applicability date of its fiduciary rule and related exemptions, according to recent court filings.  If the DOL’s intended delay comes to fruition, which is not certain, requirements that are currently delayed until January 1, 2018 will
Continue Reading