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States' Suit to Block ESG Investment Rule Could Have Far-Reaching Implications for the Anti-ESG Movement
Kramer Levin 
Mar. 7, 2023 "In addition to providing a venue for the courts to clarify the scope of the duties of fiduciaries under [ERISA], these cases present an opportunity to address whether and to what extent ESG considerations relate to pecuniary interests and financial risk and return -- a premise of the 2022 Rule and a key question raised by Republican-led states' ongoing resistance to ESG‑based investing." [Utah v. Walsh, No. 223-00016, (N.D. Tex. complaint filed Jan. 26, 2023)] |
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