Asset Managers Face Legal Battle Over Climate Activism and Antitrust Claims
A U.S. judge has allowed a lawsuit filed by Texas and 12 other Republican-led states against top asset managers, including BlackRock, to proceed. The lawsuit alleges antitrust violations due to climate activism efforts that reduced coal production and increased energy prices. The case could have significant implications for asset management practices.
A U.S. judge in Texas has largely turned down a request by major asset managers, including BlackRock, to dismiss a lawsuit filed by Texas and 12 other Republican-led states. The lawsuit claims these companies violated antitrust laws through climate a... [625 chars]
Published by: Devdiscourse
Read full article here: https://www.devdiscourse.com/article/headlines/3526849-asset-managers-face-legal-battle-over-climate-activism-and-antitrust-claims
