Plaintiffs in the first lawsuit over ESG in a 401(k) just saw a victory that could have enormous implications for asset managers and retirement plans. In a long-awaited decision issued Friday, US ...
BlackRock currently manages more ... pursue nonfinancial or nonpecuniary objectives like ESG social policy objectives, rather than investment funds that have the exclusive purpose of maximizing ...
Bush, wrote that allowing ESG investment violated the requirement ... adding that the airline’s “incestuous relationship with BlackRock and its own corporate goals disloyally influenced ...
Specifically, the court focused on pro-ESG statements made by CEO Larry Fink, letters sent by BlackRock to companies ... in that agreement’s investment policy statement. Based on these facts ...
On January 10, 2025, the U.S. District Court for the Northern District of Texas (the “Court”) held, in Spence v. American Airlines, Inc., ...
A federal case out of Texas decided on Friday, could be the first step in a long and painful march for institutional capital behemoth BlackRock ... that pursue ESG policy goals through proxy ...
Hedge funds are seizing the rising tide of opposition to European environmental, social and governance (ESG) rules as an ...
Jacobs-Dean said hedge funds and private equity managers operating in the EU already provide the necessary data because they ...
Over the past 18 months, the Environmental, Social, and Governance (ESG) agenda has suffered setbacks in corporate DEI programs, declining investment ... of dollars from Blackrock due to concerns ...
The suit further alleges that BlackRock overstated the financial benefits of ESG-related ... s investment objectives and alignments with climate-focused initiatives and other policy-oriented ...
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