Bill Targeting Proxy Advisers Clears House Committee Vote
The legislation would limit SEC disclosure rules to financially material information.
Tag: ESG
Complaint Alleges Cushman & Wakefield Failed to Protect Workers’ 401(k) From Climate Risks
The plaintiff claims the real estate giant ignored climate-related financial threats and kept an underperforming fund in its retirement plan.
Vanguard Settles With States for $29.5M in Coal Stock Manipulation Complaint
BlackRock and State Street were also accused of similar actions and have not settled to date.
House Republicans Launch Probe of CalPERS Over $330M Pension Fund Loss
Members of a congressional committee are questioning whether the nation’s largest public pension system violated ‘exclusive benefit’ rule by prioritizing...
House Passes Bill to Restrict ESG Investment in DC Plans
The legislation would alter the standard for fiduciaries considering environmental, social and governance when making investment decisions.
Trump Signs Executive Order Targeting ‘Politically-Motivated’ Proxy Advisers
The president specifically called for 'strengthening' ERISA fiduciaries' responsibility to act in participants' financial interest.
Republicans Introduce Anti-ESG Bill for Retirement Investing
The legislation would solidify the guidance offered during President Donald Trump’s first term that fiduciaries must only consider “pecuniary” factors.
Cassidy Offers Support for Trump ESG Rule
The Department of Labor announced in May that it would rescind a Biden-era rule in favor of the stance favored...
Judge Restricts ESG Influence in American Airlines Case
Although the airline was found in violation of its duty of loyalty, it was not required to pay monetary damages.
SEC Pulls Plug on 14 Biden-Era Proposals, Citing Strategic Shift
Rules spanning ESG, cybersecurity provisions and more have been rescinded.
DOL to Consider Rescinding Biden-Era ESG Rule
Although the rule survived several court challenges during the previous administration, it is in jeopardy once again.
District Court Again Backs Biden-Era ESG Rule, but Its Future Remains Unclear
A federal judge in Texas ruled that the 2022 ESG rule does not violate ERISA, reaffirming his initial decision made...
American Airlines Failed to Protect Workers’ 401(k)s in ESG Case, Federal Court Finds
A district court in Texas ruled in favor of a class action complaint alleging that the airline and its benefits...
ESG Goals Remain in S&P 500 Firms’ Executive Incentive Plans
77% of companies still included at least one ESG metric in 2024, WTW reports.
Republican AGs Allege Asset Managers Misled Investors in Coal Stock
11 states accused BlackRock of offering coal funds while undercutting the industry and both State Street and Vanguard of suppressing...
Another Trump Term May Change Tax Treatment of Retirement Plans
From ESG investing in 401(k) plans to the solvency of Social Security, industry experts say the outcome of the election...
District Court Strikes Down Missouri Anti-ESG Rules, Grants Statewide Injunction
A judge in the Western District of Missouri issued a final ruling in favor of a lawsuit filed by the...
Judge Denies American Airlines’ Bid for Summary Judgment in ESG Lawsuit
The trial is confirmed to begin Monday, June 24, in Texas federal court.
Judge Confirms Trial Date for American Airlines ESG Lawsuit
A Texas federal judge has scheduled a trial date, following the entry by attorneys for each side of pretrial materials,...
DOL Answers Appeal in ESG Rule Litigation
The ESG rule was upheld in a Texas district court, but was appealed to the 5th Circuit in October 2023.