A lawsuit challenging a Biden-era investment rule will be put on hold, as the Trump Administration reconsiders and ultimately plans to repeal the rule.
On behalf of two Wisconsin investors, WILL sued the Biden Administration challenging the use of environmental, social, and governance (commonly referred to as “ESG”) factors in retirement investing. ESG factors routinely include “climate change” considerations, and divisive DEI (diversity, equity, and inclusion) concepts, instead of maximizing return on investment, as mandated by federal law.
WILL Deputy Counsel, Dan Lennington, stated, “For years, the Biden Administration jeopardized retirement incomes of over 140 million Americans by pushing phony investment strategies promoting climate change and DEI. WILL was the first to sue, and now we are seeing the fruits of our lawsuit. The Trump Administration plans to revoke this rule, resulting in a big win for all those who saved for retirement.”
|