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SEC Says Climate-Tied Investor Actions May Pose Legal Risk

Signage for the U.S. Securities and Exchange Commission shows the agency logo, a circle featuring an eagle and its name

By Jessica Corso

The U.S. Securities and Exchange Commission on Wednesday released a report into its investigation of a successful push for eco-friendly board members at ExxonMobil, warning institutional investors and asset managers that joining forces to exert influence over corporations could open them up to additional scrutiny. 


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Top Stories
  • A sign with the words Office of the United States Trade Representative in gold letters appears next to two large wooden doors
    US, 14 Allies Pledge Coordination On EV, Chip Overproduction

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    The U.S. and 14 trading partners, including some that are subject to a pending and related tariff investigation,...(read more)

  • The words Wells Fargo and Home Mortgage appear on a red and gold business sign underneath a cloudy sky
    HUD Probes Wells Fargo's 'Racial Equity' Mortgage Initiatives

    By Jon Hill

    The U.S. Department of Housing and Urban Development said Wednesday that it is investigating whether Wells Fargo...(read more)

  • Uncertainty Surrounds Judge Newman's 11th Circ. Transfer

    By Dani Kass

    Chief Justice John Roberts' order to transfer the Federal Circuit Judicial Council's disability investigation of a suspended 99-year-old judge to another court offers the neutral evaluation the judge has long been asking for, but attorneys are concerned about the transparency of the proceeding.

  • Florida AG Seeks To Force Meta To Curb Addictive Features

    By Emily Field

    The Florida attorney general Wednesday asked a state court to compel Meta Platforms Inc. to impose age verification measures and curb addictive features, saying that a recent $17.1 billion settlement with other state attorneys general shows that the social media giant can do so.

  • DNC Sues Over Trump's Taxpayer-Funded 'Propaganda Ads'

    By Lauren Berg

    The Democratic National Committee on Wednesday sued the Trump administration over its use of taxpayer dollars to air "political propaganda ads" promoting the president ahead of the November midterm elections.

  • 5th Circ. Ponders Stanford Scheme Receiver's $30M Fee Bid

    By Spencer Brewer

    A Fifth Circuit judge on Wednesday questioned the rationale for restraining a portion of a receiver's fees, as the lawyer who clawed back $2.8 billion for victims of Robert Allen Stanford's multibillion-dollar Ponzi scheme argued he was entitled to $30 million.

  • Justices Wary Of Prolonging Guam Ammo Disposal Suit

    By Madeline Lyskawa

    The U.S. Supreme Court on Wednesday appeared wary of ruling that a Guam-based nonprofit can't challenge the U.S. Air Force's plan to explode expired munitions because its application to do so has yet to be approved by the territory's Environmental Protection Agency.

  • Alito Explains Recusal But Says It Shouldn't Become Practice

    By Katie Buehler

    U.S. Supreme Court Justice Samuel Alito said this week he "reluctantly" recused himself from a dispute that could decide whether state and local government can sue Big Oil in state courts for damages related to greenhouse gas emissions, while suggesting the high court's members shouldn't make a practice of explaining their reasons for stepping away from cases.

  • ATG Hid Alliance In Chancery Proxy Fight, Del. Justices Told

    By Jarek Rutz

    Empery Digital Inc. directors urged the Delaware Supreme Court on Wednesday to reverse a ruling requiring activist investor ATG Capital Opportunities Fund LP's board nominees to stand for election, arguing ATG failed to disclose an alleged voting arrangement with another stockholder, while ATG maintained the company is trying to impose disclosure requirements its bylaws do not contain.

  • Televangelist, Network Owner Face Off In Race Bias Trial

    By Susan Smiley

    A Michigan federal jury was told on Wednesday that deciding a Black televangelist's race discrimination claim against the white owner of a religious network will require deciding if the owner's sharing of a meme was racist or simply a joke between old friends that was misunderstood.

  • Fed. Circ. Won't Rehear Axed $49M Verdict In Stent Fight

    By Elliot Weld

    The Federal Circuit on Wednesday denied a bid from the University of Texas to get a panel to rehear its patent infringement case where a $49.4 million jury verdict against Boston Scientific was overturned.

  • PhRMA Sues To Block Medicare Foreign Drug Price Rule

    By Jared Foretek

    The pharmaceutical industry's top lobbying group asked a D.C. federal judge Wednesday to block a new Medicare rule tying Part B drug payments to prices abroad, claiming that the U.S. Department of Health and Human Services is imposing a "most-favored-nation" price control that Congress has repeatedly declined to enact.

  • 3rd Circ. Upends Sandoz's $61.6M Award Against UTC

    By Bonnie Eslinger

    A Third Circuit panel on Wednesday erased Sandoz Inc.'s $61.6 million award in a breach of contract case against United Therapeutics Corp., in a decision that sidesteps the major pharmaceutical company's request to reinstate a $137.2 million damages calculation that had been halved by the trial judge.

  • 1st Circ. Skeptical Of Legal Basis For IRS-ICE Data Sharing

    By Julie Manganis

    The First Circuit repeatedly suggested during a hearing Wednesday that the Trump administration's use of a privacy exception in the tax code for criminal investigations to justify demanding tax records of noncitizens could allow it to target nearly anyone's private returns.

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Latest News

  • Uncertainty Surrounds Judge Newman's 11th Circ. Transfer
  • Florida AG Seeks To Force Meta To Curb Addictive Features
  • U.S. Investors Claim $102M Over Blocked Honduras Housing
  • House, Senate Dems Pitch Plans To Clamp Down On AI Harms
  • Ex-Bank Chair Gets 5 Years For $23.6M Wire Fraud Scheme
  • DNC Sues Over Trump's Taxpayer-Funded 'Propaganda Ads'
  • Blue Cross Must Justify Carve-Up Unit By Unit In Calif.
  • 9th Circ. OKs 90-Day Stay For Maker Of Eye Drops
  • Ex-Deloitte Duo Can't Shake Feds' Trade Secrets Claims
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From The Courtroom

  • Colo. Panel Mulls Telecom Co.'s Challenge To $24M Judgment
  • Holtec CEO Says Atty Is Confusing Jury Over Confidential Doc
  • Racial Slur Bias Suit Revived By Calif. Justices Heads To Jury
  • Uranium Heist Didn't 'Damage' Crypto Exchange, Jury Hears
  • Feds Wrap Up Case In $53M Uranium Finance Theft Trial
  • Catching Up With Delaware's Chancery Court
  • Mass. Justices Weigh Duties Of DAs, Judges After ICE Arrests
  • Fla. Firm Knew It Had To Secure Lender Notes, 11th Circ. Told
  • Uranium Finance Jury Sees 'I Did A Crypto Heist' Chat
  • Northwestern Wrongly Fired Gender Center Chief, Ill. Jury Told
 
 
 

Expert Analysis

  • Maureen Ohlhausen
    Contact Lens Rule's Evolution Steers FTC Guidance Program
    The history of the Federal Trade Commission's Contact Lens Rule illustrates the goals of the FTC's recently announced guidance progr... (read more)
  • Samuel Finkelstein
    Why Importers Should Assess IEEPA Refund Claims Now
    Businesses that wait for direction from U.S. Customs and Border Protection or the courts before seeking refunds of their finally liq... (read more)
  • Robyn Burrows
    What Anthropic Security Ruling Means For Gov't Contractors
    In light of the D.C. Circuit ruling backing the U.S. Department of Defense's decision to remove Anthropic's Claude artificial intell... (read more)
  • Shubha Ghosh
    HPE-Juniper Settlement Teaches Key Tunney Act Lessons
    A California federal court's recent approval of the U.S. Department of Justice's settlement with Hewlett Packard over its Juniper N... (read more)
  • Meredith Auten
    FCA Ruling May Open Door To Redacting Defendants' Names
    A recent Florida federal court decision may signal a shift from the long-prevailing view that False Claims Act defendants' identitie... (read more)
  • Read More Expert Analysis

 
 
 

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