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BlackRock, State Street and Vanguard Must Face Antitrust Suit
News August 02, 2025 at 06:16 PM
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What You Need To Know
- U.S. District Judge Jeremy Kernodle in Texas said most of the claims brought by the states can proceed.
- The lawsuit was brought by Republican state attorneys general, who claim the asset managers colluded to reduce coal output.
- The three firms hold major stakes in coal producers and profited when energy prices soared, according to the suit.
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