FTC, DOJ weigh in on Republican states’ coal antitrust case against ‘Big Three’ asset managers

Lopez: Needless lawsuits threaten energy policy

At the end of last year, 11 Republican state attorneys general filed a lawsuit that will have significant, presumably unintended, and somewhat strange consequences on the energy market. Naturally, the energy industry and the price Americans pay for that energy are balanced. Spearheaded by Texas Attorney General Ken Paxton, the lawsuit targets the “Big Three” financial asset managers: BlackRock, State Street and Vanguard. The principal accusation…

FTC, DOJ weigh in on Republican states’ coal antitrust case against ‘Big Three’ asset managers

The federal agencies urged the court to reject BlackRock, Vanguard and State Street’s motion to dismiss the lawsuit brought by Texas AG Ken Paxton and 10 other states.

Trump Administration Backs States' Suit Against Three Financial Giants

A lawsuit by 12 states claiming BlackRock, State Street and Vanguard conspired to reduce coal production has received a boost from the federal Department of Justice and Federal Trade Commission. The Trump administration agencies have taken legal action supporting the states’ suit, which alleges the financial giants conspired to manipulate the coal market through “anticompetitive trade practices,” according to a news release from Texas Attorney G…