In the past year Republican state attorney generals have aggressively investigated asset managers' ESG practices. They have used open letters, civil investigative demands and subpoenas to gather information and warn investment firms of the possibility of violation of state unfair and deceptive acts and practices laws.
In a Law360 article, litigation & enforcement partner Amy Roy explained that as more courts have an opportunity to weigh in on ESG investing and the theories that have been asserted by various stakeholders, we could see growing momentum in defense of ESG investing.
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