A second lawsuit has been filed seeking to stop a new state law that requires institutional investment advisers to make certain disclosures when recommending against company management on issues, including environmental, social and governance principles.
The lawsuit says the statute is part of a nationally coordinated effort to restrict certain factors - such as ESG or diversity, equity and inclusion - from being considered in investment and shareholder voting decisions.
It says several states have moved to enact "copycat legislation" patterned after a template distributed by an organization called Consumers Defense, which . . .
SSJ
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