DC Partner Philip Bartz has been quoted numerous times recently in connection with representation of the National Association for Fixed Annuities (NAFA) in three lawsuits against the Labor Department as it seeks to place tight new fiduciary requirements in a rule aimed at preventing retirement investment advice conflicts of interest. During oral arguments Aug. 25 at the U.S. District Court for the District of Columbia, Bartz said the new rule embodies “overreach” by DOL to “do things that Congress never intended” and that it’s “at odds” with state insurance law. Bartz argued that the Employee Retirement Income Security Act would now pre-empt state law under the rule and that the rule improperly created a private right of action that could set up class-action lawsuits against insurance companies and agents. “They are going to have their butts sued off,” he told ThinkAdvisor in an article Aug. 26. Bartz also was quoted Aug. 26 by MorningConsult.com and InvestmentNews, and Aug. 25 by InsuranceNewsNet.com and The Hill. Click here to read the coverage by ThinkAdvisor.