Industry News: ESG

FTC, DOJ Weigh in on Republican States’ Coal Antitrust Case Against ‘Big Three’ Asset Managers

Written by ESG | 2-Jun-2025 12:24:48 PM

2025-05-28

ESG Dive: Texas Attorney General Paxton initially filed the lawsuit against the nation’s three largest asset managers in November, supported by 10 other Republican-led states. The lawsuit alleges BlackRock, Vanguard and State Street acquired “substantial” holdings in public coal companies and then pushed those companies to reduce their output.

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