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The E.S.G. Fight Has Come to This: Bankers Suing Lawyers



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In effect, according to the bankers’ legal filing, the demands were “creating an ongoing state surveillance system.” The bankers further claimed that the attorney general was violating their right to free speech and freedom to associate.It would be easy to dismiss this mudslinging as a kind of political sideshow. No one close to this — literally nobody — wanted to have a substantive conversation about the investing principles at issue.The roster of no-commenters included not just the bankers and the state attorney general but also the state treasurer and endowment manager at the University of Louisville, a public institution. On Friday, the University of Kentucky, another public institution, said in a statement that it was reviewing its holdings “to determine what next actions, if any, it is required to take under the law.” The Kentucky bill does contain a loophole. The legislators, knowing that they shouldn’t force st …

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