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Litigation & class actions

Investor network 'firmly rejects' claims made in lawsuit by Carol Jeppesen, spokesperson tells RI.
Copycats to be discouraged after judge awards no damages in ESG fiduciary case, but proxy requirements pose significant compliance headache.
illustration of red and white globe
The latest developments in sustainable finance: US Financial Stability Oversight Council votes to abolish climate risk committees; New Zealand proposes exempting foreign companies from climate reporting regime.
Judge dismisses consumer protection claims but main case continues, plus global companies face ‘Catch 22’ between US and European DEI rules.
Securities and Exchange Commission, SEC, Building in Washington DC. The SEC regulates stocks and bonds and related financial activities.
Regulator asks for court to decide legality of rules to 'conclusively resolve dispute' but refuses to rule out retraction even if it wins.
Department of Labor tell court they are taking second look at ESG rule, but lawyers say rescission 'mostly symbolic'.
Court of Law and Justice Trial Session: Imparcial Honorable Judge Pronouncing Sentence, striking Gavel. Focus on Mallet, Hammer. Cinematic Shot of Dramatic Not Guilty Verdict. Close-up Shot.
BlackRock's agreement with Tennessee attorney general unlikely to spark further lawsuits, experts say.
Court of Law and Justice Trial Session: Imparcial Honorable Judge Pronouncing Sentence, striking Gavel. Focus on Mallet, Hammer. Cinematic Shot of Dramatic Not Guilty Verdict. Close-up Shot.
Lawyers warn other corporates may be sued over 401K choices depending on damages, but precedent offers pro-ESG opportunities as well.
Waving Australia flag in the air
Super funds divided on regulator’s approach to greenwashing enforcement.
Wooden gavel in front of Australian flag. The gavel is nicely textured and it is casting soft shadows on the ground. Great use for law, justice and auction related concepts.
ASIC has said it will take a ‘pragmatic’ approach to supervision and enforcement of the reporting.
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