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United States: FTC and DOJ File Joint Statement of Interest in Texas-Led ESG Asset Manager Lawsuit
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United States: FTC and DOJ File Joint Statement of Interest in Texas-Led ESG Asset Manager Lawsuit
In brief On Thursday, May 22, the U.S. Federal Trade Commission (“FTC”) and Department of Justice (“DOJ”) filed a Joint Statement of Interest (the “Joint Statement”) in a lawsuit led by the State of Texas against three large investment companies (the “Asset Managers”).1 The lawsuit, led by Texas Attorney General Ken Paxton, has been joined by 10 other states (the “Plaintiff States”) and accuses the asset managers of using their positions in clim…
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