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Texas › Environmental Social & Governance (ESG) › State Attorneys General

Mintz

Red State AGs' ESG Antitrust Complaint Against Asset Managers Survives Motion to Dismiss

Mintz on

Last fall, a coalition of eleven Republication attorneys-general filed an antitrust complaint against three major asset managers, alleging that the asset managers' adherence to climate-friendly principles--which discourage...more

Akin Gump Strauss Hauer & Feld LLP

Texas Passes Landmark Law Regulating Proxy Advisors: What Companies Need to Know

Akin Gump Strauss Hauer & Feld LLP on

On June 20, 2025, Gov. Greg Abbott (R-TX) signed SB 2337, a new law that significantly alters the landscape for proxy advisory firms (e.g., Glass Lewis and Institutional Shareholder Service (ISS)) providing services to...more

Cozen O'Connor

Texas AG Warns Governmental Entities Not to Contract with Prohibited Companies

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Texas AG Ken Paxton issued an advisory letter regarding state laws prohibiting governmental entities from contracting with businesses that boycott energy companies, discriminate against firearm entities or associations, or...more

Mintz

Texas AG Bars Major Bank from Underwriting Municipal Bond Offerings in Texas Due to Alleged Discrimination Against Firearms...

Mintz on

Last week, it was reported that the Texas Attorney General would "not approve any public security" which was purchased or issued by a major bank due to alleged discrimination against the firearms sector. In 2021, Texas had...more

Troutman Pepper Locke

Texas AG Joins Wave of Investigations Into Credit Ratings Companies’ ESG Data Usage in Financial Decision-Making

Troutman Pepper Locke on

Texas Attorney General (AG) Ken Paxton co-signed two letters to Morningstar, Inc. and its subsidiary Sustainalytics, joining multistate investigations into the credit ratings giant, as part of a growing trend among attorneys...more

Cozen O'Connor

Texas AG Paxton Joins Multistate Investigation of S&P Global’s ESG Ratings

Cozen O'Connor on

Texas AG Ken Paxton issued a Civil Investigative Demand under the Texas Deceptive Trade Practices-Consumer Protection Act to S&P Global, Inc., a credit rating agency, seeking documents and information regarding S&P’s use of...more

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