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Louisiana Claims EPA ‘Fixated on Race’ in Permit Decisions

US Environmental Protection Agency officials have lost sight of their environmental mission and “instead decided to moonlight as social justice warriors fixated on race,” Louisiana alleged in a federal lawsuit.

Asset Managers Leave Billions Worth of ESG Funds in Limbo

Many asset managers are unlikely to act on European Union guidance that’s freed them to reverse mass ESG fund downgrades, according to industry insiders including investment firms and the lawyers advising them.

Proxy Firm ISS Backs Activist Call for Brenntag Board Change

Institutional Shareholder Services is backing activist investor PrimeStone Capital’s call for a board shakeup at Brenntag SE, saying the German chemical company’s strategy doesn’t appear to be working.

First Republic’s $35 Million Banker Outearned Dimon Before Bust

First Republic Bank made its name catering to wealthy clients across California and New York, reeling in many with unusually sweet mortgages that eventually doomed the firm.

Insurers Quit Climate Club in Droves After Threats From GOP

The world’s biggest climate alliance for insurers has started hemorrhaging members, after Republican attorneys general accused the group of antitrust violations.

Latest Stories

JPMorgan’s Dimon Denies Epstein Involvement as Deposition Ends

JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon was questioned under oath by lawyers in two lawsuits in which the bank was accused of knowingly benefiting from Jeffrey Epstein’s sex-trafficking, denying any involvement with the financier’s accounts.

Archegos Insurer Sues to Avoid Covering Costs of Firm’s Failure

An insurer for Bill Hwang and his Archegos Capital Management is suing to avoid paying any costs incurred by Archegos, Hwang and other senior executives of the investment firm from a separate suit by a former employee who claims the implosion of the family office cost him as much as $50 million.

Luxury Concierge Service Was Illegal Private Bank, US Says

A businessman who claimed to operate a high-end concierge service featuring custom credit cards crafted from solid gold was actually operating an illegal private bank that provided discreet financial services to high-net-worth customers, prosecutors said.

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Archegos Insurer Sues to Avoid Covering Costs of Firm’s Failure

An insurer for Bill Hwang and his Archegos Capital Management is suing to avoid paying any costs incurred by Archegos, Hwang and other senior executives of the investment firm from a separate suit by a former employee who claims the implosion of the family office cost him as much as $50 million.

ESG Explained: Socially Conscious Capitalism and Its Backlash

Republican state leaders have been pulling billions out of pension funds managed by investment firms like Black Rock. Why? Something called ESG. In this video, we explain what ESG is, why it’s become such a hot topic and what regulation — and litigation — we can expect in the near future.