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Supreme Court relaxes ERISA pleading standard
The outcome makes it substantially easier for beneficiaries to sue their fund administrators.
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GRIP Extra: Morgan Stanley fires head of commodities, US investigates Chinese companies
Other news includes an EU fine against Meta and Google, massive ESG investment outflows, and the OCC and FDIC signaling crypto regulation overhauls.
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GRIP Extra: Healthcare data breach compromises millions, Trump threatens to fire Powell
Other news includes Truth Social asking SEC to investigate Qube over short position, US Supreme Court approves relaxed pleading standard for ERISA claim, China mulls letting Western firms operate as ETF market makers.
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Federal Judge rules American Airlines breached fiduciary duty over ESG-conscious investment
The surprising outcome sends shockwaves through an industry whose enthusiasm for ESG has diminished in recent years.
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Anti-ESG push suffers setback as federal court judges Missouri investment rules unconstitutional
The rules were enjoined on First Amendment, unconstitutional vagueness, and federal preemption grounds.
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NYC pension case tees up first test of GOP fiduciary duty theory
All eyes are on a US legal clash that could rule ESG considerations a breach of fiduciary duty.
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The legal clash over ESG in retirement plans
Congressional Republicans continue legal challenges on 2022 ESG Rule.