Tennessee, BlackRock Settle ESG Case

BlackRock agrees to new ESG disclosures in Tennessee settlement
Asset manager BlackRock agreed to new disclosure requirements about its use of sustainable-investment factors as part of a legal settlement with Tennessee Attorney General Jonathan Skrmetti, his office said on Friday.
BlackRock, Tennessee settle lawsuit over firm’s ‘misleading’ ESG strategy
The lawsuit accused the firm of making “misleading” statements on how strongly ESG goals drove its investments.
Tennessee AG Secures Settlement with BlackRock Over Alleged Misuse of ESG in Investment Strategies
Tennessee AG Skrmetti settles with BlackRock over ESG disclosures, ensuring transparency and fidelity to investors' interests.
BlackRock Settles With Tennessee Over ESG Strategy
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 investment strategy.
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 benefits of ESG-related strategies and didn’t adequately disclose its integration of ESG factors.
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 factors.
Tennessee drops BlackRock ESG suit after asset manager agrees concessions
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 factors in investing.
Tennessee announces settlement with BlackRock over ESG practices
Tennessee Attorney General Jonathan Skrmetti announced a settlement with BlackRock (BLK), resolving allegations that the company misled
InvestmentNews5d
BlackRock reaches settlement with Tennessee over ESG strategy
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 ...
Financial Standard2d
BlackRock settles lawsuit for 'misleading consumers'
BlackRock has reached a settlement in a lawsuit filed by the State of Tennessee, which alleged the asset manager misled consumers about how much its investment strategies were influenced by ESG ...