Biden ESG rule survives challenge from 25 red states

Texas Judge Won't Block Biden Admin's ESG Investing Rule - Law360 Pulse

A Texas federal judge Thursday refused to block a rule allowing retirement advisers to consider issues such as climate change and social justice when choosing investments, holding that the rule does not violate the Employee Retirement Income Security Act.

Texas judge upholds Biden climate rule

Conservative states had been criticized for "judge shopping" in filing the case in Texas, but the federal judge sided with the Biden Department of Labor on

Biden ESG rule survives challenge from 25 red states

A federal judge sided with the Biden administration Thursday on an administration rule that would allow retirement advisers to include climate and environmental factors in their calculations. In the ruling, Judge Matthew Kacsmaryk of the Northern District of Texas, a Trump appointee, granted the administration’s petition to dismiss a lawsuit by 25 Republican state attorneys […]

US judge will not block Biden rule on socially conscious investing

A federal judge in Texas on Thursday rejected a bid by 25 states to block a Biden administration rule allowing employee retirement plans to consider environmental, social and governance (ESG) issues in investment decisions.

Judge Denies Red State Bid to Axe ‘Woke’ ESG Investing Rule (1)

A federal judge in Texas upheld the Biden administration’s landmark climate-friendly 401(k) investing rule, which has sparked Republican pushback in courts and in Congress.

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