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BlackRock, Vanguard and State Street Sued by 11 States
News November 27, 2024 at 02:04 PM
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What You Need To Know
- Texas and other states say the asset managers broke antitrust laws by boosting electricity prices through their investments.
- Attorney General Bill Paxton accuses the firms of working together to cause industrywide reductions in coal production, which has resulted in higher energy prices.
- Republican lawmakers have been critical of Wall Street’s efforts to include environmental and social factors in their financial calculations.
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