tl;dr
Tennessee has filed a consumer protection lawsuit against BlackRock (NYSE:BLK) over alleged "misleading" statements related to its environmental, social, and governance (ESG) investment strategies. The lawsuit addresses BlackRock's conflicting statements on the influence of ESG on its business...
Tennessee has filed a consumer protection lawsuit against BlackRock (NYSE:BLK) over alleged "misleading" statements related to its environmental, social, and governance (ESG) investment strategies.
The lawsuit addresses BlackRock's conflicting statements on the influence of ESG on its business decisions, with Tennessee's Attorney General claiming that the company's inconsistent statements denied consumers the ability to make informed choices. The lawsuit alleges that BlackRock overstated the impact of its ESG aims on companies' financial positioning and performance, and seeks injunctive relief, civil penalties, and recoupment of costs from the asset manager, which manages over $9 trillion in investments. BlackRock, in response, denies the claims and states its intent to contest the accusations.
More about BlackRock Inc
BlackRock Inc. is a multinational investment management corporation, with a market capitalization of $121.84 billion. The stock has a current price of $722.71 with a 52-week range of $117.36 to $722.71. The stock has shown a 52-week change of 0.152, indicating a slight increase in value. The company's market sentiment appears to be positive, with a bullish trend in recent months. However, it's important to note that past performance is not always indicative of future results, and there are potential risks and uncertainties associated with investing in the stock market.
Disclaimer:
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