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Outcome of Texas federal judge's block on the fiduciary rule by the end of 2024
2
Resolution / Starting Odds
Block upheld • 25%
Block overturned • 25%
Revised rule issued • 25%
Case unresolved • 25%
Court records, official announcements from the Texas federal court
Story
Texas Judge Blocks Latest Version of Labor Department's Fiduciary Rule
Jul 26, 2024, 04:52 PM
A Texas federal judge has granted a request by an insurance industry trade association to temporarily block the latest version of a US Labor Department rule that classifies more retirement advice providers as fiduciaries. The judge found that the rule was arbitrary and conflicted with a law that governs retirement plans. The decision has been welcomed by critics of the rule, including Rep. Ann Wagner, who described the rule as rushed, irresponsible, and harmful for retail investors.
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Lawsuit succeeds • 33%
Lawsuit fails • 33%
Settlement reached • 34%
Settlement • 25%
Dismissal • 25%
Ruling in favor of Texas and other states • 25%
Ruling in favor of BlackRock et al. • 25%
Yes • 50%
No • 50%
Provision permanently reinstated • 25%
Provision permanently blocked • 25%
Provision modified and reinstated • 25%
No final ruling by this date • 25%
SEC wins • 25%
States win • 25%
Settlement reached • 25%
Case unresolved • 25%
Settlement • 25%
Dismissal • 25%
Judgment in favor of plaintiffs • 25%
Judgment in favor of defendants • 25%
Ruling overturned • 33%
Ruling upheld • 33%
Ruling modified • 34%
Ruling in favor of Paxton • 25%
Ruling in favor of Biden Administration • 25%
Settlement reached • 25%
Case dismissed • 25%
Paxton wins • 33%
Biden administration wins • 33%
Settlement reached • 34%
Appeal and win • 25%
Appeal and lose • 25%
Propose new rule • 25%
No action taken • 25%
