"We request SEC and DoL take decisive action to uphold fiduciary duty laws," 22 state financial officers demanded in a letter ...

BlackRock and the state of Tennessee on Friday reached a settlement over a lawsuit claiming the asset management firm ...

Tennessee said it settled a lawsuit with BlackRock Inc. after accusing the world’s largest money manager of allegedly breaching consumer protection laws by making “misleading” statements about its ESG ...

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 ...

We’re pleased to resolve this matter,” a BlackRock spokesperson told ESG Dive. The agreement dismisses the state’s 2023 ...

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

Tennessee has dropped its landmark lawsuit against BlackRock after the $11.6tn money manager promised to increase disclosure and compliance around its use of environmental, social and governance ...

BlackRock agrees to new ESG disclosure terms in settlement with Tennessee AG. No fines, but a shift in ESG focus marks a ...

(Reuters) -Republican-led Tennessee and asset manager BlackRock settled a dispute over the company's use of ESG factors in its investment decisions, according to a statement by the state's ...

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.

In response, Chief Executive Officer Larry Fink has said he no longer uses the ESG label because it’s become too politicized. The Tennessee lawsuit was the first by a GOP official against an ...