ERISA
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Trump’s EO opens door for 401(k) retirement plans to invest in PE and crypto
President Trump signed an executive order that will let Americans invest their 401(k) retirement savings in cryptocurrency, private equity and real estate.
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ESG roundup: Green New Deal rollbacks, regulatory reforms, and climate investing showdowns
The future of ESG in the US will depend on the ability of all parties to navigate the complex web of competing interests and values.
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GRIP Extra: TikTok fined €530m, Kohl’s CEO dismissed
Other news includes the CFPB moving to scrap Biden-era medical debt credit reporting exemption, the EU reciprocally seizing billions of Russian funds, and the DOJ accusing CVS, Humana, Elevance of paying kickbacks.
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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.