The agreement dismisses the state’s 2023 lawsuit and does not find that the investment firm violated any laws. “We’re pleased to resolve this matter,” a BlackRock spokesperson said.

BlackRock, the worlds largest asset manager with $11.6 trillion under management, has reached a settlement with Tennessee ...

Tennessee said it settled a lawsuit with BlackRock Inc. after accusing the world’s largest money manager of allegedly ...

It’s clear that over the past few years, investors have tweaked their voting policies to tone down use of the term “ESG.” And it’s also clear ...

The resolution is the latest step by New York-based BlackRock and by other firms to move away from environmental, social or governance measures. An anti-ESG backlash has gathered force among ...

BlackRock, Inc. has settled a dispute with Tennessee over its ESG practices, which the state said misled consumers.

BlackRock and the state of Tennessee reached a settlement over a lawsuit about the firm’s handling of ESG goals. REUTERS Under the settlement, BlackRock will be subject to increased transparency ...

Plaintiffs successfully sued American Airlines over an asset manager's ESG considerations in the proxy-voting process, and ...

The court found it apparent that the plan fiduciaries failed to question BlackRock’s ESG activities, either because the plan sponsor’s corporate objectives were aligned with BlackRock’s ESG ...

The Tennessee lawsuit was the first by a GOP official against an investment firm for its ESG strategy. In November, BlackRock, along with Vanguard Group Inc. and State Street Corp., was sued by ...