Proxy Advisors

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AG Investigations and Copycat Anti-ESG Legislation Proliferate Despite Losses in Court

Last week, Texas v. BlackRock (E.D. Tex.), the first antitrust case challenging climate collaborations by financial institutions, reached an initial resolution. Texas Attorney General (“AG”) Ken Paxton announced that one of three institutional-investor defendants, Vanguard, had settled. As part of the settlement, Vanguard pledged not to “direct” its portfolio companies’ […]