U.S. Judge Allows Antitrust Lawsuit Against Top Asset Managers to Proceed
A U.S. judge largely denied a request to dismiss a lawsuit by Texas and 12 Republican-led states against BlackRock, State Street, and Vanguard. The case alleges antitrust violations through climate activism that affected coal production and energy prices. The outcome could impact asset management practices significantly.
A U.S. District Court in Texas has denied a move to dismiss a major antitrust lawsuit against asset managers BlackRock, State Street, and Vanguard, allowing it to largely proceed. Filed by Texas and 12 other Republican-led states, the case accuses th... [757 chars]
Published by: Devdiscourse
Read full article here: https://www.devdiscourse.com/article/law-order/3526909-us-judge-allows-antitrust-lawsuit-against-top-asset-managers-to-proceed
