U.S. Judge Allows Antitrust Lawsuit Against Top Asset Managers to Proceed
6 Articles
6 Articles
The lawsuits in Texas and about ten other republican states against three major investment funds will be able to move forward. BlackRock, Vanguard and State Street, accused of raising energy prices in the name of climate action, had requested the rejection of the complaints. On Friday, August 1, a federal judge decided otherwise.
U.S. Judge Allows Antitrust Lawsuit Against Top Asset Managers to Proceed
U.S. Judge Allows Antitrust Lawsuit Against Top Asset Managers to Proceed 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 the companies of colluding to limit coal production and influence energy prices through climate activism.The states argue that …
Larry Fink’s BlackRock loses bid to dismiss Texas climate collusion claims
A US judge on Friday largely rejected a request by top asset managers including BlackRock to dismiss a lawsuit filed by Texas and 12 other Republican-led states that said the companies violated antitrust law through climate activism that reduced coal production and boosted energy prices.
BlackRock, State Street, Vanguard Must Face Texas Antitrust Suit
A federal judge in Texas largely denied a request by the world’s largest asset managers to dismiss a lawsuit brought by Republican state attorneys general claiming they colluded to reduce coal output, in a case that threatens how the US firms oversee trillions of dollars.
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