Tennessee Attorney General Jonathan Skrmetti slapped BlackRock, the world's largest asset management firm, with a first-of-its-kind lawsuit on Monday, alleging the company misled customers about the financial consequences caused by its embrace of woke ESG — environmental, social, and governance — policies.
— TN Attorney General (@AGTennessee) December 18, 2023
The complaint accuses BlackRock of making false or misleading claims to customers in Tennessee about how prioritizing ESG policies would impact their investments and seeks "injunctive relief, civil penalties, [disgorgement, restitution for consumers,] and recoupment of the State's costs."
