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U.S. Judge Allows Antitrust Lawsuit Against Top Asset Managers to Proceed

Summary by Devdiscourse
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 …

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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.

·Paris, France
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Bloomberg broke the news in United States on Friday, August 1, 2025.
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