GlobalCapital4d
When will BlackRock stand up and defend ESG?
The heat that BlackRock has come under in the US for taking account of environmental, social and governance issues when ...
JD Supra8d
Texas District Court’s Decision in 401(k) Case Has Wide-Ranging Implications for Plan Fiduciaries
On January 10, 2025, the U.S. District Court for the Northern District of Texas issued an opinion in Spence v. Am. Airlines, ...
BlackRock, Tennessee settle lawsuit over firm’s ‘misleading’ ESG strategy
BlackRock and the state of Tennessee on Friday reached a settlement over a lawsuit claiming the asset management firm ...
EconoTimes15d
BlackRock Settles ESG Disclosure Dispute with Tennessee Attorney General
BlackRock, the worlds largest asset manager with $11.6 trillion under management, has reached a settlement with Tennessee Attorney General Jonathan Skrmetti over its use of sustainable-investment ...
Pensions&Investments15d
Tennessee, BlackRock settle lawsuit over ESG case
The settlement ends a lawsuit that was originally filed in December 2023 by the state of Tennessee under the Tennessee Consumer Protection Act. The suit alleged that BlackRock overstated the financial ...
Bloomberg L.P.15d
BlackRock Settles With Tennessee Over ESG Strategy
Tennessee said it settled a lawsuit with BlackRock Inc. after accusing the ... laws by making “misleading” statements about its ESG investment strategy. “This resolution assures that the ...
JD Supra12d
Judge Finds American Airlines Breached its Fiduciary Duty of Loyalty by Allowing Investment Manager to Prioritize ESG Goals with 401(k) Plan Assets
On January 10, 2025, the U.S. District Court for the Northern District of Texas found that American Airlines and its employee benefit committee ...
Reuters16d
BlackRock agrees to new ESG disclosures in Tennessee settlement
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 ...
Wall Street Journal23d
BlackRock Withdraws From Climate Coalition, Backpedaling Again on ESG
BlackRock BLK1.34%increase; green up pointing triangle is pulling out of a United Nations-sponsored climate initiative, a remarkable U-turn for a company that was once a poster child of the ...
New York Post25d
BlackRock may exit woke business climate group Net Zero Alliance as backlash over ESG investing widens
BlackRock — which for years has courted controversy with its focus on so-called ESG, or Environmental Social Governance investing — is considering an exit of the so-called “Net Zero ...
bankingdive10d
BlackRock, Tennessee reach settlement on ESG suit
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.
Seeking Alpha2d
ECAT BlackRock ESG Capital Allocation Term Trust
BlackRock ESG Capital Allocation Term Trust (ECAT) stock price is 16.64 and BlackRock ESG Capital Allocation Term Trust (ECAT) 10-day simple moving average is 16.63. BlackRock ESG Capital ...