I’ve written a good bit here about the problems that the Department of Labor’s proposed new Persuader Rule interpretations present and, most recently, wrote a little bit about a Texas federal judge’s ruling issuing a preliminary injunction about the rule going into effect.
My discussion of that ruling back at the end of June 2016 pales in comparison to the wonderful, and wonderfully thorough, piece that the fine folks at the ABA/BNA Lawyers’ Manual on Professional Conduct have put out today. I’m going to start sounding like a broken record but the reporter who produced this treatment of the case, Joan Rogers, did a wonderful job with the subject-matter. She really dug into the ruling, the history, and the implications and competing positions. She was also kind enough to include a little bit of my thoughts into her piece as well, for which I’m truly grateful.
Bloomberg/BNA has made the story available outside of their subscription paywall, so you can go read the whole thing at this link.