BlackRock Reaches Settlement With Tennessee

BlackRock Settles With Tennessee Over ESG Strategy
Tennessee said it settled a lawsuit with BlackRock Inc. after accusing the world’s largest money manager of allegedly breaching consumer protection laws by making “misleading” statements about its ESG investment strategy.
Tennessee Attorney General settles ESG dispute with BlackRock
Tennessee Attorney General Jonathan Skrmetti announced a settlement with BlackRock on Friday, resolving allegations that the asset manager misled customers regarding the role of ESG factors in its investment practices.
BlackRock, Tennessee settle lawsuit over firm’s ‘misleading’ ESG strategy
The lawsuit accused the firm of making “misleading” statements on how strongly ESG goals drove its investments.
Tennessee, BlackRock settle lawsuit over ESG case
The settlement ends a lawsuit that was originally filed in December 2023 by the state of Tennessee under the Tennessee Consumer Protection Act. The suit alleged that BlackRock overstated the financial benefits of ESG-related strategies and didn’t adequately disclose its integration of ESG factors.
Tennessee drops BlackRock ESG suit after asset manager agrees concessions
The state’s Republican attorney-general Jonathan Skrmetti sued BlackRock in 2023, accusing the money manager of violating consumer protection laws and taking an inconsistent approach about whether it prioritised ESG considerations over investment returns.
Tennessee announces settlement with BlackRock over ESG practices
Tennessee Attorney General Jonathan Skrmetti announced a settlement with BlackRock (BLK), resolving allegations that the company misled
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