State attorneys general from California, Oregon and New York asked the U.S. Court of Appeals for the 5th Circuit late Wednesday to reconsider its May 2 refusal to allow them to intervene after the court vacated the Department of Labor’s fiduciary rule.
“The federal government is no longer pursuing this appeal,” the state AGs wrote in their 24-page filing.
“Given that posture, the exceptional importance of the issues, and the grave harm the states will suffer as a result of the panel opinion — billions of dollars in lost retirement income to their residents and tens of millions of dollars in lost tax revenue — the states respectfully request that the court reconsider its decision.”
If the panel “declines to reconsider its order denying intervention, the states ask that the court direct the clerk to permit the filing of a petition seeking review of that order by the full court.”
AARP along with the state attorneys general filed motions on April 26 to intervene in the 5th Circuit appeals court ruling to vacate the Labor’s fiduciary rule.