Tag: ESG factors

Texas US state flag with statue of lady justice

Surprise decision acknowledges that Biden and Trump rules are virtually identical. In a surprise ruling, a very conservative federal district court in Texas, known for striking down Biden Administration policies, actually upheld a Biden Administration rule governing environmental, social, and governance (ESG) investing in ERISA retirement plans.  Consistent with an amicus brief filed by t…

Potted green plant grows up in arrow shape

In Wisconsin and Texas district courts, plaintiffs are suing government officials to block the Department of Labor’s new rule on ERISA investment duties with regard to environmental, social, and governance (ESG) factors.  They contend that the so-called “Biden Rule” violates the law and, in the case of the Texas complaint, has hurt businesses.  In respons…