Forbes profiles the Hamilton Lincoln Law Institute and its director Theodore H. Frank. William Baldwin explains how class action settlements work, and why Ted “is not a popular figure in the litigation bar.”
HLLI's Anna St. John and Ned Hedley write at The Federalist Society: The plaintiffs challenging the ESG Rule argue that it is contrary to the ERISA statute, exceeds the DOL’s authority, and is arbitrary and capricious. Utah v. Walsh also presents separation of powers questions.
Today, the Hamilton Lincoln Law Institute asked a federal court to stop the Department of Labor from enforcing its revised Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights regulation.
HLLI challenges the Department of Labor’s rule undermines key protections for retirement savings of 152 million workers in the name of promoting environmental, social, and governance (“ESG”) factors in investing over the rigid duty of loyalty and prudence that plan fiduciaries owe to plan investors.
On Thursday, the Hamilton Lincoln Law Institute filed suit challenging the Department of Labor’s revised Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights regulation. HLLI joins 25 states, Western Energy Alliance, and Liberty Energy, Inc., in challenging the new rule as contrary to the ERISA statute and an arbitrary and capricious exercise of the Department’s regulatory authority.
HLLI submitted a comment letter asking the Department of Labor’s Employee Benefits Security Administration to withdraw its proposed rule revising 29 CFR § 2550.404a-1, Investment Duties.