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State of Texas/Ken Paxton Aty General et al v. BlackRock, Inc. et al
Case Number:
6:24-cv-00437
Court:
Nature of Suit:
Judge:
Firms
- Baker McKenzie
- Clifford Chance
- Cooper & Kirk
- Covington & Burling
- Gibson Dunn
- King & Spalding
- Morgan Lewis
- Troutman
- Vinson & Elkins
- WilmerHale
Companies
Government Agencies
Sectors & Industries:
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March 18, 2025
BlackRock Calls Red States' Suit Over Coal Prices 'Farfetched'
BlackRock Inc. and two other large asset managers have urged a Texas federal judge to toss claims brought by a coalition of Republican-led states alleging the firms ran a scheme to drive up coal prices as part of an "investment cartel," saying the case "spins a farfetched theory."
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November 27, 2024
GOP-Led States Accuse BlackRock Of Driving Up Coal Prices
Texas is leading a coalition of nearly a dozen Republican-led states suing BlackRock Inc. and two other large asset managers for allegedly running an "investment cartel" that takes advantage of their large holdings in publicly traded energy companies to drive up coal prices, a claim that BlackRock has said is "baseless and defies common sense."
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