Arguing Conflict With ERISA, States Challenge DOL’s ESG Investing Rule

Mealey's (January 30, 2023, 12:53 PM EST) -- AMARILLO, Texas — Arguing conflict with the Employee Retirement Income Security Act and violation of the Administrative Procedure Act (APA), 25 states and other plaintiffs have filed a suit in Texas federal court seeking declaratory and injunctive relief regarding an investment rule released by the U.S. Department of Labor (DOL) about environmental, social and governance (ESG) factors....